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Updated about 12 years ago,

User Stats

57
Posts
1
Votes
Gaurav S.
  • Homeowner
  • los angeles, CA
1
Votes |
57
Posts

Please help - Need advice about securing financing for a quick purchase

Gaurav S.
  • Homeowner
  • los angeles, CA
Posted

A owner wants to sell duplex property for 10% discount to fair market value if I can close the purchase by December 31st. I am a first time homebuyer with excellent credit and can easily afford the duplex. So getting a normal 20% down 30 year FRM shouldn't be a issue but problem is I don't have time.

So what would you suggest to make this deal happen ? Do you know of any bank or a company who can issue a 20% down 30 year FRM within 2 weeks ?
Will hard money lenders be able to provide financing in such short notice ? Will they give me a loan knowing that I will be looking to refinance ASAP after the purchase.

Thanks for your time.

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