In today's market, lenders are reluctant to finance more than 75% of a home's value. Berk Properties, LLC can potentially extend credit to buyers to make up the difference:
Berk Properties would carry a second or "junior" mortgage for the balance of the purchase price, less any down payment. These loans are amortized over 30 years but with a ballon payment due in five years.
We are happy to discuss with you or your bank about the details of our program.