Asking is $200K, my relative (buyer) looking to put 20% down.He is pre-approved for the amount, lender has prepared both a conventional loan and a mass housing loan option for first time buyers.Would be purchasing as an owner occupied "primary residence", rates are decent under both options.Condo is currently rented, tenant lease expires the end of August - roughly 4 months.Lender says both loan programs require buyer to occupy the unit within 60 days, to qualify for first time buyer deals.Is there a way to get them to extend this to 120 days (4 months) until the tenant lease is up?

The plan is to get a second home loan or any kind of loan really that allows a 10% down.  

I thought we would qualify for an FHA loan (first time homebuyers here!)

We were going to use a VA loan to purchase the property.

This is more difficult to secure in this high rate environment but so is a cash out refinance.  

My loan was processed smoothly and quickly.  

They aren’t calling any loans yet.2.

(this was after we had closed on the property) This was a bank commercial loan. 

You create a loan from your Roth IRA for say 20,000. 

Soon closing on a property property cost $458k and the closing cost is really high we are doing FHA mortgage they are charging 2% of the loan plus application fee and mortgage insurance on closing for the amount of $7k and plus monthly mortgage insurance... in 2020 there was not just a thing 2% of the loan on mortgage origination loan fee!