Hi Rhoda  So depending on your income and credit score I would say best bet to get a FHA is using a mortgage broker in your area.

So many times I'm sent a deal to save and come up to a train wreck caused by some other Mortgage Broker or Lender LO who can't think outside the box and/or don't have the loan programs I can offerAnyway, often, the obvious and quick fix is for the seller to hold a purchase money 2nd mtg.If it's for a strong, good credit borrower and they are willing to pay Top Dollar for the property, why not offer the seller a 10% return on that small amount of money on a 30/60?

We are trying to help a homeowner that has a flooded home and wanting to walk away but kill his credit and be foreclosed on.1 Seller Finance 2.

(for the record, the property is cash flow positive about $100 per month as is and is only a 5 year old home, but my emergency fund is only about $10k right now)And does it make sense to ever use a line of credit?

We need to pay back lines of credit and private money.

So if I have 750 credit score, will they lend me unlimited amount of money regardless of my income?

So we do all the work on the house.i have heard of Lima, but thought you need a high credit score and as I said I'm stuck with only 4k at this time to do this venture. 

@Russell Brazil My only off MLS deals were added to the MLS so the agent could get some form of credit for the sale. 

Good question: "My credit score is 620.

Especially interest rates on consumer debt such as non crucial items put on credit cards for 20% interest.