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![Sean Dougherty's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/167235/1694654066-avatar-seandougherty22.jpg?twic=v1/output=image/cover=128x128&v=2)
Seller carry portion lender will not cover.
Selling @ $500k
Lender providing $490k
Can the remaining $10k be carried by seller?
If so, should it be a separate contract? Should it be outside of current escrow? Should the $10k loan be a lien on the house?
![Jason Wray's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1799769/1621515664-avatar-jasonw577.jpg?twic=v1/output=image/crop=296x296@0x0/cover=128x128&v=2)
Most banks and lenders will not allow seller held 2nd mortgage/lien. How is the bank covering $490K what is the LTV and what did the appraisal come in at $490K or less?
Reason I ask is if the appraisal came in at $490K the buyer still needs to put down atleast 3% as a primary, 10% for second home, and 15% for investment.