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Updated over 9 years ago on . Most recent reply
Could I take out two loans for one house?
Hypothetically speaking, If I were to get a conventional loan that paid out 80% and I was only able to put down 5%, could I take out another loan that covered the remaining 5%? Thanks!
Most Popular Reply

you would still be 10% short. The lender that loaned the 80% would have to agree to allow the other lender to lend in 2nd position and the jr. Lien would have to agree to be in 2nd...position...