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Updated almost 5 years ago,
Creative ways for a down payment on primary residence
Hey bigger pockets! My name is Nathan Salgado and I really need some help. Due to the Covid 19 our terms for the second mortgage on a new construction changed and they want more money down. We close 21 of may and need to bring 83000 to make it happen. We have half that and I need help to think of ways that I can get the other half in time. I’ve contacted a few hard money lenders and both said don’t lend on primary residence and don’t know how the bank would feel about having another loan on the property...any thoughts would greatly be appreciated! Thank you!