Mark's Mortgage Minute

What is the Right Mortgage for Buying a Fixer-Upper?

You have found your dream house but it will take significant work to make it a home. You do not have cash in savings to pay for both a down payment and the repair costs. Not to worry - this is not a hopeless situation. Fortunately, there are two types of mortgage loans available for just this scenario:  The Federal Housing Administration (FHA) 203(k) rehabilitation loan or Fannie Mae HomeStyle Renovation Mortgage. FHA 203(k) Mortgage The Federal Housing administration has provided a home loan that allows buyers to borrow enough money to cover the price of the home plus the estimated...

February 13th, 2019 | FHA Loans, Purchasing a Home, What is the Right Mortgage for Buying a Fixer-Upper?

Mark Moyes (NMLS# 267431)

Phone: 801-999-0886 | Fax: 888-835-4067
746 East Winchester Street, ste 100,
Murray, Utah 84107
Intercap Lending (Corporate NMLS# 190465)
www.nmlsconsumeraccess.org

Intercap Lending NMLS: 190465