Looking for a Home Rehab loan?
If you are a real estate investor that is interested in flipping your next property, then maybe it’s time to get a Home Rehab loan. These loans will cover the cost of the under market value home and construction costs. Keep reading to learn more information about Home Rehab loans.
Check if you qualify today.
Why Consider Getting a Home Rehab Loan?
A Home Rehab Loan is a type of home improvement loan that can be used to buy a home in need of repairs.
The most common home rehab loan is known as an FHA 203(k) loan. These types of loans allow the buyer to borrow enough money to, not only cover the purchase of the home but also the cost of the renovations and repairs.
These types of loans give the buyer a chance to purchase a home in a neighborhood they otherwise could not afford to buy into or in high-demand neighborhoods where the homes don’t need as much work.
Many buyers do not consider buying a home in need of serious repairs, but maybe you should. Rehab loans give you endless possibilities to look for a home in a neighborhood you have always dreamed of living in, but know you could never afford.
Million Dollars Loaned
Years in Business
Home Rehab Loan
Frequently Asked Questions
Do I Qualify For a Home Rehab Loan?
We will also require an appraisal of the property in its current condition and an estimated appraisal of what the home will cost after repairs. This prevents our future borrowers from putting more money into a home than what the final value of the property would be after the repairs are done.