Ways to finance a down payment for a seller financed deal?

[Tyler J.]

Will a bank fund a downpayment on a seller finance deal?
How can I fund this without my own money, or very little?

[Patrick Eldridge]

My wife and I get creative with our financing. We maximize sellers assist with commercial loans because there’s no limit. For example if the seller is asking 120k we’ll offer them 150k with 16% sellers assist. Thus leaving the seller with 123k at closing and us 27k towards our closing costs. It’s a way to fool the bank into financing our downpayment. We also wave inspections to sweeten the deal. Obviously don’t tell your lender either because all they need is a copy of the sales agreement and don’t need to k on anything else besides the price and sellers assist amount.