In your case however, this will be your primary home. Depending upon the amount of work needed yu might have several options. Althought I might not be able to help you directly, I can point you in the right direction, Give me a call and we can discuss.
I am currently setting up the same loan for myself with a local bank and I helped rehab a bank-owned project for a client in the North Center neighborhood. I have a good referral but I need more info about your situation.
RpV Realty and Development
Much will depend on your finances, your income and a few other facts they will take into consideration.
But different lenders and different banks are more or less flexible you will just have to talk to several
and see what they recommend or what they can offer you.
Good Luck to you,
Edith YourRealtor4Life & Chicago and Northern Illinois Expert
Working always in the very BEST interest of her clients, Buyers, Sellers and Investors alike....
And always with a SMILE
Covering for @Properties the city of Chicago, all N and NW suburbs, the fine homes on the
North Shore, and many of the W and SW suburbs, and with her trusted Partner Agents all of
the US and worldwide properties. Edith speaks French, German, some Spanish and other.....
@Properties, 30 Green Bay Rd, Winnetka, Illinois 60093 ---- EdithDoesItRight@yahoo.com or EdithSellsHomes@gmail.com Check out my website at htttp://www.tinyurl.com/MeetEdithHere
get to know me better and learn about my experience, expertise, services available and letters of recommendation of former clients..... Also you can sign up on my site to search for properties in my expanded service area. HAVE THE MOST WONDERFUL DAY :)
If you are truly living (or will be soon) in the new home then you can obtain the loan as an owner occupant.
Should you have any Q's feel free to contact me:
Bill J Deligiannis
First Centennial Mortgage