if i purchase A REFURB HOME could i renovation with part of the mortgage loan

Sonja Johnson
Sonja Johnson
Other/Just Looking
Philadelphia, PA

i would like to by a refurb home and have the house renovated all with the same mortgage loan

Wed Feb 18 2009, 17:34 - Home Buying in New Castle - 2 answers
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Mike Walls
Mike Walls
Both Buyer and Seller
Philadelphia, PA

If the renovation work is no more then 35K look at the stream line 203K then you can control the money vs the standard 203K where the funds are paid to your contractor

Mon Mar 16 2009, 16:10
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Jacqueline Roark
Jacqueline Roark
Agent
Bear, DE
FIRST ANSWER

Hi Sonja,

You can look into a 203K loan. Here's a link to everything you wanted to know about it:

http://www.hud.gov/offices/hsg/sfh/203k/203kabou.cfm

If you are interested in locating lenders who do these types of loans, give me a call at (302) 540-5373.

Web Reference: http://www.jroark.com
Wed Feb 18 2009, 18:38
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