Refinance down payment

[Alex Mercer]

I have a question about refinancing a hard money loan with a conventional lender. Say I’m all in (purchase and rehab) on a property for $70,000 but it has a value of $100,000 and now it’s time to get a conventional mortgage. Would the bank still require 20% down on the $70,000?

I’m new and just curious about this topic. Thank you!