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Financing in Dingmans Ferry : Real Estate Advice

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  • Local Info8
  • Home Buying10
  • Home Selling0
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Activity 2
Fri Mar 31, 2017
answered:
Hello, I'm a mortgage professional.

There is a loan program that will give you the money to buy the home and do the renovations needed all in one loan. Yes, you will need a contractor.

This program only require a 3.5% down payment and even allows you to roll closing costs into the loan.

If you have any other questions or would like help with this you are welcome to get in touch with me.
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Wed Dec 14, 2011
answered:
The excerpt below is pretty standard as far as lenders go who sell to fannie/freddie/ginnie. There are possible exceptions to every rule...

• Open judgments, garnishments, and all outstanding liens that are in the Public Records section of the credit report or on the title commitment must be paid off at or prior to closing.
• Documentation of the satisfaction of these liabilities, along with verification of funds sufficient to satisfy these obligations, is also required.
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