For personal reasons, my grandmother wants me to buy her house from her. Her current mortgage left on the property is just about $100,000, which is also the price she wants me to purchase it from her. The house needs some work but even without it, I'm fairly confident that the house will sell for at least $350,000 or higher (the adjacent property right across the street that was built in the same year, same model, same size, recently sold for $415,000). The property is located in a good area in the suburb of NYC. My question is, with the LTV (loan to value) so low, would a bank accept no cash and do 100% cost loan? I'm assuming there is so little risk for the bank, given the huge amount of equity in the property.

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