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Updated about 1 year ago on . Most recent reply

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Njoukeng Nanfack
2
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4
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Seller carry 2nd mortgage

Njoukeng Nanfack
Posted

Hello, Help needed:

  • l am under contract to purchase a property for $800k. Seller is going to carry a second mortgage for $300k. l can potentially use my VA loan for financing with zero down payment. The property currently has a county-assessed value of $849k and may appraise for more.
  • Is there any possibility for me to structure the seller financing + bank loan such that l can end up getting a check at closing?

Thanks

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