Updated almost 5 years ago on . Most recent reply
Asset Value Based Lending
Hello Bp!
Does anyone know of any banks/credit unions/etc. that lend on the appraisal vs the lesser of the pp or the appraisal?
An example would look be: if I were able to get a property under contract at 80k and the appraisal came back at 100k my Dp would be $0 due to the equity built from finding a property undervalue.
Thanks in advance!