Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago on . Most recent reply

User Stats

39
Posts
11
Votes
Keegan Darby
11
Votes |
39
Posts

Workaround for 3% down payment

Keegan Darby
Posted

We are selling a home to a buyer who has qualified for the loan (FHA) but doesn't have the required 3% down payment.

Apparently the only work around is that they have a gift of the 3% from a family member to then close. 

The buyer can’t go conventional 0% down given that it’s a flip and we haven’t owned the property for 90 days. We’ve owned it for 4 days. 

Aside from waiting the 90 days so they can do conventional, are there any workarounds? 

Loading replies...