Depending on the security that the seller requires (will the seller require that their financing is secured by the home as a recorded mortgage?). If the seller will carry as a private note or promissary note, then you will be OK. If the seller wants the financing recorded as a mortgage, then the lender will consider this a 2nd mortgage, and this would be a 100% loan, or 80% 1st/ 20% 2nd, and will be difficult to get done depending on your circumstances. Very few lenders will go to 100% combined financing on an investment property.
To richmortgagebroker: I’ve been looking at getting a grant. How do I find a grant writing/consulting company that will do the investigating/finding/writing the grant for a % of the grant when it comes through. All I found were flat fee people with a ? guarantee. Thanks.