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Updated about 13 years ago on . Most recent reply
creative financing
my dad bought a house at the auction yesterday. he needs some extra cash, so can i get a 30 yr conventional loan to buy it from him?
Most Popular Reply
I don't know. Can you? Do you have the required down payment, credit score, cash reserves and income required by your lender to get approved for the loan? It may be more difficult if you buy a house from your brother at the same time.
Some lenders have seasoning requiements and won't lend on a house if the seller has only owned it a short time. Is that your concern?