Financing in 76104>Question Details

Titus Hill, Home Owner in 76104

looking for financh for buy an old house and fixing

Asked by Titus Hill, 76104 Tue Nov 2, 2010

0 votes Share Flag Financing in 76104

Help the community by answering this question:

Answers

4
I could potentially give you a hard money loan, depends on the collateral and borrower profile.
90% of purchase price
max loan - 65% of After Repair Value
Repairs held in escrow
Term 6-12 months

Marco
210.286.8136
0 votes Thank Flag Link Wed Nov 3, 2010
You should consider a hard money lender. I can give you a list of people I work with...
0 votes Thank Flag Link Wed Nov 3, 2010
You should inquire at a bank or financial institution to see if you qualify for the FHA INSURED HUD 203(K). Please contact a real estate professional that can help you in your area.

If you need additional information, please send me an e-mail.

Thanks
Nanci
nancizimmerman@yahoo.com
0 votes Thank Flag Link Tue Nov 2, 2010
Can you give us some more details?

Purchase price as is?
Loan amount with construction costs?
Are you going to try and do these repairs yourself? <= likely deal killer.

Credit?
Assets?
0 votes Thank Flag Link Tue Nov 2, 2010
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer