100% Financing/Low Down Payment New York Home Mortgages 100% financing, as it names implies, offers complete financing of property. The other option, 80/20, finances your mortgage with two loans. Both loans may be carried by your lender, but sometimes the seller or a second lender is required to carry the 20% mortgage. 100% financing is easier to deal with, but not all lenders will offer this type of home loan. 80/20 financing is more common, but takes some negotiation if the seller is involved. No Income/No Asset New York Home Mortgage Programs Limited documentation programs can simplify the home mortgage process and pave the way for a smoother and easier home-buying experience especially for self-employed borrowers. Some of these mortgage programs eliminate the need to verify income information and require limited or no documentation for qualified applicants. Imperfect Credit Loans Imperfect Credit Loans allow borrowers with less-than-perfect credit to qualify for competitive interest rates to purchase a home, consolidate debt, or lower monthly payments. Home Improvement Mortgages/Construction Loans Home improvement loans are home loans used to finance improvements on your house or property. These loans are used to maintain or increase the value of your home. This can include repairs, a new kitchen, a new bathroom, an extension or general property improvements. Landscape improvements and swimming pools can also in many cases be considered home improvement. Generally, all actions that can be considered to increase the value of the property in such a way that it increases the expected sales value of the home or the property are to be considered home improvements. Loans are also provided for improvement of already constructed or homes to be constructed.
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