Asked by K, 95111 • Mon Mar 16, 2009
I am about to buy an investment property at much below market price, and will have about 30% equity based on current appraisal. I am looking for a lender who will be willing to lend money for this property based on this 70% LTV, without me having to put down any downpayment. I know Wells and BoA will not lend on appraised value, they will lend only on sale price. Are there any lenders / brokers willing to lend on appraised value?
Popular Categories in Santa Clara County
Email me when…
Success! Your email alert settings have been saved. Access all your email alerts in your My Trulia account anytime!