In theory you only lose the interest portion to the bank.

Different banks have different first time home buyer programs, so I would call around and ask lenders this question.

If the lender’s draw doesn’t line up perfectly, I’ll bridge the gap with my own cash or a line of credit, then reimburse once the lender funds.Flexibility varies—portfolio and private lenders are often quicker with draws, while hard money and banks can take a week or two to release funds.

This year got bank mortgages for 4.25%, 4.75%, 4.25% fixed rates. 

Any newbie knows about real estate agents, paying full price and borrowing from banks, but I want to give you something that is “off market” no bank needed.

We have a 2.75% interest-only ARM with no rate reset until Feb 2032, and a loan balance of $1.02M (this is the original loan balance, we haven't elected to pay off any of the principal because the interest rate is so low).2) I confirmed with our lender that our mortgage is assumable since it is a portfolio loan held by the bank and not sold to investors.

Where are these banks people talk about?

They bought the property in Oct 2021 for $47 million and borrowed $39.4 million from Bancorp Bank, who is a bridge lender. 

No origination fees and get to support neighbors in smaller banks/CUs that give back to my community.  

Hello @Matthew Banks,Replacing your income and achieving financial independence is not about hitting a fixed number of doors or dollars.