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Updated about 6 years ago on . Most recent reply

User Stats

434
Posts
205
Votes
John Williams
  • Property Manager
  • Clarksville, TN
205
Votes |
434
Posts

High Appraisal creates equity

John Williams
  • Property Manager
  • Clarksville, TN
Posted

Are there lenders out there who can work with this:

I get a house under contract for $100k. It appraised for $130k. Instead of me putting down 20% in cash can they take that equity creation ($30k) and call it my “down payment?”

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Rent My Home - Property Management
4.6 stars
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