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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?

Frontline Financial, LLC

2180 S 1300 E, Suite 590
Salt Lake City, Utah 84106

Phone: 801-532-2553

Fax: 801-532-1495

NMLS: 132166

FrontLine Financial

Licensed by the Virginia State Corporation Commission MC-2577

Verify Frontline Financial LLC (NMLS# 132166 CA, FL, UT, VA) with the Nationwide Mortgage Licensing System & Registry Consumer Access.

*total finance charges may be higher over the life of the loan