Financing problems

[Chris Trupiano]

Hello BP, I'm having some trouble working with a bank for conventional financing. They are not working with me much on the loan. They're requiring 25% down, even after asking for 20, and also won't include closing costs in the loan if the appraisal doesn't come back as significantly higher than the purchase price. This is spreading me pretty thin. I am a young investor without really any established credit so I have my father co signing. Is this typical for what everyone is seeing from conventional financing. What can I do to work with them and put less money in the deal? Thanks

[Giovanny Alfonso]

@Chris Trupiano is this property an investment or do you plan for it to be your primary residence, this makes a huge difference in what is required as a down payment? Most lenders aren't going to cover your closing costs just because. You can usually go with a higher rate and they will give you a lender credit that you can use to cover your closing costs.