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WEST COVINA, Calif. -- PMAC Lending Services, Inc. ("PMAC"), a leading provider of home loan services to consumers, real estate and financial services professionals, unveiled new 100% financing programs for investment property and second homes. These loan programs enable any level investor the ability to finance up to 100% in 1-4 unit non-owner occupied investment properties. "With the multitude of programs that PMAC has to offer, the American dream of owning your own home has gotten much easier for borrowers in recent years. Now being able to capitalize on the opportunity of owning investment property is becoming a reality for mainstream America," stated Ed Wood, Vice President of PMAC's Wholesale Lending Group.

Traditional investment and rental property financing typically requires 20% down on residential properties of 1-to-4 units. The new 100% Non-Owner Occupied Loan Programs from PMAC now allow people who otherwise couldn't purchase this type of property, because of a lack of down payment, the ability to purchase property with zero down, up to a sales price of $1 million. The loan programs announced by PMAC span a wide array of lending options. The PMAC I-100 program includes an interest only option and loan type options of 2, 3, and 5-year ARM's or 30-year fixed rate programs. What's more, the PMAC I-100 program does not require mortgage insurance.

"PMAC created these programs to take advantage of a shift in the marketplace. Historically, real estate has proven to be one of the best financial investments you can have in your portfolio. The demand for lenders to provide better financing programs for property investors has risen tremendously since the early 90's. Most people would like to own rental property and the major obstacle has been the typical 20% down payment. We developed these 100% programs to allow investors with 'good' credit to qualify with either full-documentation or stated-income. The process is simple and takes about the same amount of paperwork and time as a standard mortgage," said PMAC President & CEO, Jon Magill.

In the past, realtors targeted new prospective clients who were looking for primary residences. Once they sold their client a home, their job was basically complete. Now, realtors can capture an entirely new source of business. The new PMAC I-100 loan program will dramatically change the dynamics of marketing for realtors because more people will now be able to purchase investment properties with zero down. This change will enable realtors to sell additional properties to their client base. PMAC believes that this new loan program will prompt real estate offices to form investment property divisions that specialize in rental and investment properties. Because of these changes, buying investment property will become as common as holding stocks and bonds.

To find out more information about PMAC's 100% Stated-Income Financing for 1-4 Unit Non-Owner Properties, please call 800-710-PMAC or visit PMAC's website at www.pmac.com.

About PMAC

Founded in 1995, PMAC Lending Services, Inc. is a leading provider of consumer and business-to-business home loan services to consumers, real estate and financial services professionals. Headquartered in West Covina, Calif., PMAC serves a broad range of clients through its three business units: PMAC Retail Lending, PMAC Wholesale Lending and PMAC Outsourced Lending groups in six western states including California, Nevada, Arizona, Oregon, New Mexico and Colorado.

NOTE TO EDITORS: For additional information visit PMAC's website www.pmac.com or call PMAC at 800-710-7622.

PMAC and the PMAC logo are either registered trademarks or trademarks of PMAC.