For a sample, consider a $295,000 project with a down payment of 5% and a mortgage payment of 7% interest.Good luck!

if you need $200K for a project, no one is going to loan you $200K - you need a down payment, holding costs, and you need to know what you're doing or you'll just turn that $200K into $150K.good luck

I'm under contract for a nice double and was hoping to use part of the money for my portion of the down payment.

Could you kindly suggest the best resources or methods to identify comparable properties in the area?

The current owner is letting me take over the property as a tenant as long as I pay the water bill and the mortgage payment on it and whenever I decide I can purchase property for the balance of the mortgage  they are in no hurry for me to purchase the home as long as the mortgage is paid. 

Although you have to wait for payment with a 203K loan. 

THE NUMBERS: With a purchase price of $7M, my Investors and I put down $2.7M as the down payment on the property.

The down payment wouldn't be minimal if your finances were tight.

No problem with down payment but will need conventional load which is not a problem as I have been pre approved many times just did not find right property.

If you use different sources it will be difficult to calibrate the different scores, but think of it as a percentage of the max available score.This particular score seems to be based on an applicant's credit history, including payment history, credit utilization, and credit availability.