FHA has a loan program that will allow you to purchase a property and the repair/renovate it. You will still need a down payment and there will be closing costs.
There are no purchase loans that will provide an amount over the purchase price of the property in order to consolidate debt, go on a vacation, buy a car, pay for a wedding, buy lottery tickets, etc.
Have a great day;
CEO & SR Credit & Mortgage Consultant of
Ex-Mortgage Broker of more than 10 years
Paying off other debt, have not heard of that.
Bernstein Realty, Inc.