@Dennis Cobos, following what Luke said, most lenders should be able to offer this as 10% down is standard for a conventional second home purchase. 

I recently closed on a refinance conventional loan, and rushed through the closing as we were trying to use the funds to finance the downpayment of a purchase deal.

•The Notes will have a stated, fixed interest rate, ranging from 7.50% to 9.00% depending on the series of Notes purchased.

The penalty from section 8 is usually cancellation of benefits.  

Purchase price: $690,000 Cash invested: $300,000 6/6 two family detach house in HOA at 77 monthly.

If you are buying a second home and qualifying conventionally, then a second home purchase can be done with 10% down.

If the lease says rent is due on the 1st, I would give her the option of following the lease or moving out.In the future, every offer to purchase a property with existing tenants should include a request for an estoppel.

We would NOT need to order a 1007 market rent report if we had either:1st months rent and security deposit2 months of rent deposits (canceled checks)If it’s a departing residence we could only use rental income to offset monthly payment (we couldn’t use extra income if 75% of the lease was 3,000 and mortgage was only $2,500 I couldn’t give $500 of income to boost DTI unless he has moved out of the home for some time and we have 1 year of history of being a landlord (which it sounds like we do, just not sure if he’s just moving out of this home).

I added the details and expected rent below.About the homes:I have a 1200 sqf 3 bed 2 bath house in the Highland Park neighborhood I purchased in 2010.

If we were to sell it now it would probably sell for 20K more than we purchased it for.