LOC down payment on a convention loan

[Desteni Barnes]

Hi All,

I am new to investing and ready to start actively looking for properties. I have access to a LOC but I am wondering if I can use the LOC as a down payment on a conventional loan or not. I am trying to avoid a HML because of the double fees involved with initial closing and then refinancing closing costs. My credit is good and I have a stable income, but my savings funds are limited.

Thanks in advance,

desteni