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Updated over 1 year ago on . Most recent reply

Nolan Mahoney's profile image
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Nolan Mahoney
  • Member since Jan 1, 2023
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Nolan Mahoney's profile image
Nolan Mahoney's profile image
Nolan Mahoney
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Nolan Mahoney
25
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52
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Mortgage Brokers & Lenders

Hard Money Loan For FHA Downpayment

Nolan Mahoney
Posted

What are some thoughts on using a hard money loan for a downpayment on a FHA house hack? Is it even possible to do?

Chicago, Illinois
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Caroline Gerardo's profile image
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Caroline Gerardo
  • Lender
  • from Laguna Niguel, CA
  • Member since Mar 2, 2015
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Caroline Gerardo's profile image
Caroline Gerardo's profile image
Caroline Gerardo
  • Lender
  • from Laguna Niguel, CA
  • Member since Mar 2, 2015
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Caroline Gerardo
  • Lender
  • Laguna Niguel, CA
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Caroline Gerardo
  • Lender
  • Laguna Niguel, CA
Replied

No FHA loan allows this. No hard money lender is going to be in second position at 100% loan to value.

There are down payment assistance programs, many legit ones to help

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