Hard Money plus HELOC

[Joel Cummings]

Does anyone know of a Hard Money Lender that lends in Seattle that will allow you to use funds from a HELOC as your down payment? I've talked to three so far and they all say no. Thanks!

[Joel Cummings]

Jarvis Smith I've talked to multiple HM Lenders who will only accept liquid funds, i.e. Cash, and specifically will not let you use a credit line for down payment. Who are your 10% options? Everybody I talk to wants 20%. FYI I called a few more Lenders yesterday and found two local options who will accept credit lines for down payments. Goes to show you sometimes you just have to keep calling until you hear yes!