Fifteen More Ways to Get 100 Percent Financing for Real Estate

One of the most frequently asked questions about real estate is: "How, and where, can I get 100 percent financing for the income real estate I want to buy or flip? Following are 15 more ways you can get 100 percent finance for income real estate.

But before giving you these methods we want you to understand, again, what is meant by 100 percent financing. It is:

You borrow the down payment from one lender typically 10 percent to 25 percent of the purchase price $10,000 to $25,000 on a $100,000 purchase price for an income property.
You get a long-term mortgage for 15 to 30 years for the balance of the purchase price $90,000 or $75,000 for this project from another lender usually a traditional real estate mortgage lender. You will usually have two lenders with 100 percent financing, unless you use a Private Lender that may make a 100 percent loan to you, depending on your income property project and its future promise.
You usually will have little trouble getting the long-term mortgage because the property is the collateral for it.
Your challenge, then, is to get the down payment loan you need to buy the income property of your choice.

Now here are 15 more ways for you to get 100 percent financing for the income real estate you want to buy:

Use credit-card lines of credit 3 lines @ $10,000 each = $30,000.
Get a personal signature loan such loans go up to $50,000.
Take an equity loan on other property you currently own.
Have the seller issue you a purchase-money (PM) mortgage for the down payment on the income property you want to buy.
Let the seller take out a loan for the down payment; you assume responsibility for paying off the loan and make the payments.
Borrow actively traded stocks or bonds and use them as collateral for your down payment loan.
Get a second mortgage on the property and use this as your down payment.
Buy the property using a Lease-Option with zero down and part of your monthly lease payment being used for your down payment.
Use a government program (federal, state, or city) offering property with zero down payment.
Look for repossessed and nonperforming-loan properties offered to you at zero down payment by banks and othermortgage lenders.
Finance the income property at its market value with the purchase price at a lower value; use the difference for your down payment.
Assume the existing long-termmortgage on the property and have the seller take a second mortgage fromyou for your down payment.
Get a mortgage from a Private Lender for 100 percent of the property value.
Use a Hard-Money Lender for a 100 percent loan such lenders may be very aggressive on solid property deals.
Refinance other property you own to get the down paymentmoney you seek.Use part, or all of the proceeds, for your down payment.

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Fifteen More Ways to Get 100 Percent Financing for Real Estate

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