we are currently looking for a home, can we include updates in the original sale, mortgage.

Shelley
Shelley
Home Buyer
Dothan, AL

I do not like the new subdivision because homes are on top of each other and most older homes need updating. How can we include updating in original mortgage

Sat Mar 28 2009, 21:22 - Home Buying in Dothan - 2 answers
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The Key Team
The Key Team
Broker
Dothan, AL

A 203K loan is a possibility, as Lisa mentioned. You should consult with your mortgage professional to find out what all your options are. There are several good mortgage folks around the Dothan area that would be more than happy to help you.

Mon Mar 30 2009, 11:30
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Lisa Santacater...
Lisa Santacater...
Agent
Summerlin, Las Vegas,...
FIRST ANSWER

Shelley,

You should take a look at 203k rehabilitation loan. I am not a mortgage consultant so I won't pretend to know the ins and out of this one. Take a look at the link posted below and/or conduct a goole search using "203k loan", you'd be amazed at the information you can find. Sounds like this might be a great solution for you.

Good Luck!

Web Reference: http://www.hud.gov/offices/hsg/sfh/203k/203kabou.cfm
Sat Mar 28 2009, 21:41
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