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Updated about 9 years ago,

User Stats

65
Posts
6
Votes
Michael McDermott
  • Developer
  • Media, PA
6
Votes |
65
Posts

Looking for a lender to finance sale between tenant and I on SFH

Michael McDermott
  • Developer
  • Media, PA
Posted

My tenant of 3 years would like to purchase my home which I have a FHA loan on, he has very little money for a down-payment and last time we ran his credit it was around 590. I am willing to give a full sellers assist but he still comes short of the 3.5% (assuming 135k sale price).

Are there any lenders who have a credit assistance program or 0% down payment (non military) program we can use. I am willing to be flexible in the sale just to 1031 the profits into another property. Any and all advice is welcome, that lets me get rid of my FHA and sell this house.

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