Can I get a loan to buy a house and make renovations? I heard that with HUD houses you can do it... but does

Limaries
Other/Just Looking
Petersburg, VA

FHA have a similar product?

Answers (2)
Best answer: Dana Schuster
First to answer: Dana Schuster
Dunes
Both Buyer and Seller
Benton County, OR

Limaries, You may like to look here as the FHA loans/options and much more is explained..
http://portal.hud.gov/portal/page?_pageid=73,1827624&_da…

You also may like to check this out as it has all current Gov. loans...
http://www.govloans.gov/govloans_en.portal?_nfpb=true&_p…

Dunes

Tue Jun 16 2009, 10:44
Dana Schuster
Agent
70461
BEST ANSWER

Yes. What you are looking for is an FHA 203K loan where you can get aloan(up to 35K) for repairs rolled into your mortgage. Your best option is to find a local lender who does these loans(not all of them do) and discuss this with them.

Tue Jun 16 2009, 07:19

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