My husband and I would like to purchase an as-is home but we both have a question; if we get appoved for a

Asked by Sharita, 07106 Mon Apr 21, 2008

mortgage for 400K, and we buy a house for 300K, can we use that extra 100K for the construction cost and insidentals? this is similar to the hgtv show hidden potential. thank you!!

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Elva Wormley, Mortgage Broker Or Lender, San Jose, CA
Mon Apr 21, 2008
Hi Sharita,

The FHA 203k Re-Hab loan is a possibility.

Elva Wormley
Web Reference:  http://www.alliedsanjose.com
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