FHA loan and Seller Financing.

[Talha Makki]

Hi All, I'm working on a deal where the owner is open to seller financing but has around 60 percent equity in the property. The way I was planning on structuring a deal was if I can have the seller owner finance for 20 percent and have FHA loan pay the rest. And once I refinance the loan I can pay back the 20 percent back to the seller. I can get the FHA loan finance the whole deal but I would have to wait 2 to 3 years for the equity to be build since FHA doesn't allow to buy fixer upper properties. If I take this route by the time I refinance the loan I would at least have 30 percent equity built up.