Asset Value Based Lending

[Cody McVay]

Hello Bp!

Does anyone know of any banks/credit unions/etc. that lend on the appraisal vs the lesser of the pp or the appraisal? 

An example would look be: if I were able to get a property under contract at 80k and the appraisal came back at 100k my Dp would be $0 due to the equity built from finding a property undervalue.

Thanks in advance!