HML plus conventional financing?

[Colten Thiel]

Hi everyone! First post to BP forums after learning from the sidelines the last few months. Ok right to it. I haven’t seen or heard really of anyone mixing two types of financing on one deal. Is this common/ethical/practical? Example, I want to buy a $300k house but cannot get approved for conventional financing at that amount. Instead, I decide to borrow $150k from a HML and finance the other half with a bank. Do people do this? I understand the terms with the HML have a big impact, also having the money in your account for 2 months for the banks before applying could be important. Financial wizards of BP please help me on this! -Colten