If so, I would beg borrow and steal to get that money. 

., they want the first buyer to come up with the money to close and then want the second buyer to come up with his money to close, and (2) most lenders won’t allow the borrower to base his loan amount on the purchase price, they MIGHT be willing to base the loan amount on YOUR purchase price (seasoning).

Kevin,FHA does not allow any funds to go to the borrower on a purchase so if your going FHA you will need to put 3.5% down and all funds go to the seller. 

Well his credit and spending habits allowed him to borrow foe a $105K boat and a car .

Hi @Manuel Rivera,I agree that in most cases, you should reach out to local or regional banks. 20% down is pretty standard but might vary according to the credit score, location, borrower's strength & experience, and more.

If the borrower does not respond or never goes to the meeting then that requirement is done.. but if they were never offered it.. then that is an issue.  

Definitely feasible and with money still cheap to borrow I can't imagine any better time for qualifying for financing.Message me and I can recommend a great realtor.Best of luck.

The final approval still might not happen for a variety of reasons: for example, you send over your bank statement and they see you borrowed the downpayment. 

But the largest blunder I've seen, about 30 years ago my parents had a PM transfer title of two properties and then borrowed against them.

If I were the loan officer that completed that loan and I heard the borrower say this after closing, I would be required and would do so voluntarily any way, turn him in to my management.