Asked by Brian Lohman, 21771 • Thu Dec 31, 2009
I have a agreement to buy a house for 46,800 and a total of 30,000 in repairs. It needs a new well, plumbing, small section of roof repair and want to put in a geothermal unit. It has been appraised for 85,000. I am looking at what type of loan would be best to check on. My ideas so far are FHA 203K S and the USDA Rural Development. I like the USDA RD 502 direct because its zero down but wondering which would be easiest and best for my situation. I qualify for either loan based on credit score and income.
Real Estate in Mount Airy
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