Property Q&A in Ingleside>Question Details

Rebecca, Home Buyer in 78374

can anyone tell me more about HomePath Renovation Mortgage Financing.?

Asked by Rebecca, 78374 Sat May 23, 2009

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This question is about this property: http://www.trulia.com/property/3480733-115-Bayshore-Ct-Ingle…

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This is likely FHA 203k which lends on ARV for house and rehab. My advice is make absolutely sure the 203k lender you use is an expert on 203k loans. You'll likely waste a lot of time, money, and headaches otherwise. Well's Fargo typically has a regional person who is well versed. Many loan officers will tell you they are good at them, but they've never done one. Make sure they have a few under their belt.

Good luck.
Web Reference: http://www.teamlynn.com
0 votes Thank Flag Link Sat May 23, 2009
Bruce Lynn, Real Estate Pro in Coppell, TX
MVP'08
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