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Updated about 1 year ago,

User Stats

186
Posts
82
Votes
Mario Am
  • Specialist
  • Nashville, TN
82
Votes |
186
Posts

Can you give an offer with credit?

Mario Am
  • Specialist
  • Nashville, TN
Posted

Question. A friend asked me. 

So if lets say I have a lender that his minimum loan is 75k (has to be 75% of ARV), and I find a house for 85k that is valued at 100k and higher, could I offer the seller 100k with 15k credit back? So like at closing I get 15k back to my pocket? Or is that considered shady of some sort. Curious to hear your opinion.

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