Split Financing- conventional and seller?

[Kelly N.]

Hi all,

I was wondering if it is possible to finance a house with a conventional mortgage AND seller financing. The DTI allowed by the bank is restricting our ability to borrow for the next house, but I was thinking if the seller won't finance the whole thing, could we do both? That way they get some cash now and some income in the meantime, and we could refinance in 2 years to a conventional loan once our current rentals aren't counting against our DTI.

Or should we look into hard money financing for that portion- again for two years? Or would it have to be all hard money?

Thanks in advance!
Kelly