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Updated about 3 years ago on . Most recent reply

User Stats

360
Posts
323
Votes
Ryan Cleary
  • Real Estate Agent
  • Saint Lucie, FL
323
Votes |
360
Posts

Hard money to bridge a conventional loan limit?

Ryan Cleary
  • Real Estate Agent
  • Saint Lucie, FL
Posted

In the area where I would like to purchase next there is a conventional loan limit of $647,000.

Sellers won’t budge at $759,000.

The property is properly priced.

This would be a primary residence that I can also operate as a str. It also meets and exceeds all of our check boxes.

I can only put 5% down comfortably.

With 5% down and a loan limit of 647,000, I have a discrepancy of $75,000.

How can I make up for this $75,000?

More then likely seller financing will be laughed at

  • Ryan Cleary
  • [email protected]
  • 561-850-8229
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