Seller down payment assistance

[Lee Burns]

I've found some properties in my [pricey] Bronx farm area and want to acquire my first investment. I have the option to use a VA home loan, but my credit took a dip and is still recovering. If I offer a down payment with the loan request I imagine my chances for approval will be much better. Does it make sense to ask the seller for down payment assistance and offer some sort of incentive?

[Francis Morris]

Whatever it take and as long as the deal makes sense. Stick to your numbers and your desired return. You can offer a higher purchase price as incentive to be competitive in that market, which I know is highly competitive.

[James Perdomo]

Hi @Lee Burns i can refer a reliable mortgage broker who can answer this for you. Feel free to PM me. 👍🏽