PMI on live and flip
Hello. I currently have a single family foreclosure under contract and I'm looking for a creative way to get into it without a %20 down payment. The home is in need of mostly cosmetic repair and should appraise for the agreed sales price. It is in rough shape though and not live able to most. Due to a near settlement date I am unable to do a conventional rehab loan. My hang up is the PMI underwriter. Thoughts on a way around this?