2.25% Interest Rate - Assumable Mortgage, down payment gap over $200k

[Brooke Carlton]

I have a property listed for sale in Goodyear, AZ and it carries a 2.25% interest rate. The payment is about $1320 per month. The home was built in 2006, great neighborhood, close to the highways, close to everything new that is being built, close to a military base. The issue is the down payment is over $250k and no one has that or is willing to fork over that amount. Does anyone know of an affordable second loan to help with the down payment? Any other suggestions?

[Chris Seveney]

Quote from @Ken M.:

Quote from @Jeffrey Robison:

Are you still stuck here? I may have a solution if you are.

.
I'm interested.

I have a contract on a house in Phoenix AZ with a value of $500,000
and a mortgage of $288,000 to be taken subto.
Seller wants $160,000 cash out which leaves $50,000 in equity for the buyer.
I had a taker from CA but he couldn't come up with the cash.

I was not aware of anyone that understands that kind of deal.

 I would be inteerested in learning more about this