Down Payment For Owner Financing, Can I Use A HML?

Will a HML lend out money for a down payment on a owner financing deal? I imagine they'd rather you'd get a loan for the full amount of the property.

Comments(2)

  • rajwarrior18th December, 2004

    No, that would put the HML in a 2nd position, and I've yet to meet one that would do that.

    Roger

  • regal18th December, 2004

    When I loan money, I don't care if I'm in second position as long as I have 20-25% equity above me.

    If you have a good deal, you could run it by the hml's.

Add Comment

Login To Comment