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100% Loans
Katz Mortgage Team, backed by Fairway Independent Mortgage Corporation, offers a wide variety of 100% financing programs. These loans allow you to hold on to your cash for home improvements or future real estate projects. We handle all these transactions in house so that your deals close smoothly, and on time. Please feel free to call toll-free 866-742-8400 to discuss your specific 100% financing options.
Transaction Types: Purchases or Refinances.
Lender Paid Mortgage Insurance (LPMI): It's simple. The lender pays the MI premium and charges a slightly higher interest rate. For many homebuyers, Lender-Paid Mortgage Insurance (LPMI) offers significant advantages over the more traditional borrower-paid MI or even other loan options.
Piggy-back Loans: By coupling a first mortgage and second mortgage together, as an 80/20, we are able to offer 100% loan-to-value with no mortgage insurance.
Fixed Rate & Adjustable: We offer a wide variety of fixed rate and adjustable Investor mortgages with fixed periods ranging from one month to ten years.
Interest-Only: Amortizing and Interest-only options available.
No Pre-Payment Penalties: Pay off the first or second mortgage at anytime without penalty.
Property Types: We offer 100% financing on Duplexes, Triplexes, and Quad-plexes, as well as single family, condos, and fee-simple town homes.
Primary Residences:
- Full Documentation loans up to $1,500,000 with credit scores as low as 620.
- Stated Income/Stated Asset loans up to $1,000,000 with credit scores as low as 680.
*Minimum combined loan amount $80,000.
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