Approved for the max allowable conventional loan, but looking for ways to fund the DP.

I imagine lenders won't loan up to the desired LTV (ie: 70-75%).

In the worst case, I've seen contracts where LPs are made to personally guarantee the loan.

Since I do commercial loans they don't focus on DTI, how much do you think my cc debt will hurt with commercial lenders? 

I am looking to pull equity out of my primary for my first deal (which will be out of state LTR back in my hometown in IL) and my Loan Officer brought back these numbers.

Purchase price: $178,000 Cash invested: $2,500 We knew we'd be in the area for at least four years, so we bought this property that has a lot of room for improvement to gain appreciation instead of sinking money into high rents.

FHA loan or Conventional loan?

Seems like a risky plan and if there is that much upside on the rent why not just adjust the rent yourself (doesn't need to be immediately if you're that afraid of losing tenants, just do it a little more tactfully, maybe make some small improvements or give them some more time to make it more agreeable) and keep the property?

Make sure your plan is rock solid, unlike hard money, you can't pay a point to extend the loan.

Has anyone scaled through assumable loans?