If you like the property and are declined for a 203K then why not buy for cash fix it up and then get financing?

Hi, your question raises quite a few issues but I would need more information about your purchase to help answers your question properly i.e Why were you declined for the 203k? Call me and I will be happy to help.

If you are ready to buy for cash, just do it! I'll be more than happy to assist you with the transaction. Contact me at Malviaproperties@aollcom

What is the maximum loan amount? Including repairs.

The next step would be to find an acceptable property for you that will qualify under your loan requirements.

The property has to appraise at the post repair amount, and you can make a 1 time paydown of unused funds directly to principal.

The money stays in escrow and paid to the contractor as repairs are completed.

Give me a call and we can discuss further. Too much info for this forum.

Craif Fialkowski GRI,CDPE
561-827-1790
Craig@newflproperties.com