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Updated about 6 years ago on . Most recent reply

User Stats

7
Posts
1
Votes
Alex Mercer
  • Olathe, KS
1
Votes |
7
Posts

Refinance down payment

Alex Mercer
  • Olathe, KS
Posted

I have a question about refinancing a hard money loan with a conventional lender. Say I’m all in (purchase and rehab) on a property for $70,000 but it has a value of $100,000 and now it’s time to get a conventional mortgage. Would the bank still require 20% down on the $70,000?

I’m new and just curious about this topic. Thank you!

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