Live/Fix: Hard Money -> FHA

[Christopher Davis]

I don't have enough skin to get into the game. I'm being priced out of my target market with cash offers. 

Is there a way to use Hard Money/Private Money to purchase the home and then IMMEDIATELY start the process to get a regular conventional or FHA Loan.

I'm aware of the cash out refi product but that only gets you a percentage of LTV. I basically need someone else to purchase the house cash and charge me the high interest rate while I get the loan (which I'm pre approved for).

Is this possible? 

[Crystal Smith]

Originally posted by @Christopher Davis:

I could easily reach 25%. My worry is the refi part. I want to be able to immediately start the process of a conventional/FHA loan without limits such as 70% LTV.

I know of a few private lenders that will fund w/o seasoning, but none are conventional/FHA loans. The rates will be higher than FHA, but much lower than hard money.