What kind of loan for repairs does fha offer before getting a house refinanced?
RoselleI need to refinance my house but have to have some repairs done first which I don't have the money for. My house appraised as is 57K more than I owe on it.
Ashleyit really depends on who the loan goes to. I'm hearing and seeing some oddities with some fha loans in our office. If you can find a good broker, you should be able to get this done, good luck
Candiceyou are not restricted to FHA insured loans.--just call your "favorite" mortgage brokerand indicate you seek a rehab loan. Period.or, if you have a good relationship with yourbank, they should do it easily.
Alyciaif you are in an equity possition now try an fha203K loan for your repairs. The problem is that not too many lenders will do them