Owner Finance to Bank Refinance

[Ryan R.]

How do banks recognize owner finance?

Here is what I want to do.

Owner Finance with zero down.
Rehab the property and put tenants in place. 2-3 months
Refi the property through a conventional 30 year loan.

Will a bank recognize owner finance and treat the property as if it is mine? The goal would be to refi without the 20% down since my LTV would be less than 80%.