business and personal loc as down payment

Can I use a personal line of credit as the down payment for investment property?


I may be wrong it, but I thought it also depends upon the lender.

For example I can foresee a scenario where utilizing your loc would increase your monthly payment and provide you with borderline debt to income ratios.

Some lenders just don’t you to borrow the money.

There are several loan programs that allow for this condition (using a business or personal LOC as a down payment)—these loan programs don’t require sourcing of funds to close (where did you get the money?) or seasoning of funds (how long have you had the money?)…

Your documentation options are FULL DOC, SISA and No Ratio…

LTV/CLTVs of 85-90 are possible…


Scott Miller