Points and loan details are TBD still as we're just getting the tentative process down on paper as we wade into the details. 

If you are going to be an owner-occupant, want a low down payment, and are planning to do a renovation, the FHA 203k and Fannie May Homestyle loans are your best optionsHow do you know the property is currently upside down on the mortgage? 

Instead, consider a HELOC or home equity loan to fund repairs, as the interest may be deductible if used for home improvements.This post does not create a CPA-Client relationship.

I see why folks are asking this company says they do 100% loans for purchase and rehab with a whopping 620 fico..

Quote from @Jarrod Ochsenbein: I purchased an existing Padsplit with a DSCR loan. 

I began shopping for a large construction loan to build a new car wash on the land. 

Hey @Jaycee Greene, we typically get loans from smaller local banks.

Conventional loan, 20% down non-owner occupied.

started the interest rate at 8.5% and wrote in the contract that their interest rate will change anytime my bank loan's changes (every 5 years) and will always remain 2.5 interest points above...for what it's worth...i have another under contract that hopefully will close soon..i'd be interested in hearing about this wally wrap as well bryan...what was that?

"A second question is if I finance the car purchase can I also deduct the business use portion of the interest charged on the loan?"