Updated about 10 years ago on . Most recent reply
Financing
Can a bank or lender finance 100% of a deal if I were to get an offer accepted for less than 80% of the property's appraised value?
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Bill Gulley
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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
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Hi, the rule is, the loan to value is based on the sale price or appraised value whichever is less. So, with that, no.
Now, on a commercial loan, if you have assets, a good relationship with a lender and experience, it may be possible to get 100%, even more on the rehab side as construction funding.....but most can't swing that. :)