Updated about 9 years ago on . Most recent reply
Conventional financing with a roof leak?
I am looking to purchase a fixer-upper to flip. It has a small roof leak that has been temporarily patched, but caused some drywall damage in the kitchen. I don't want to use hard money if I don't have to.
Will this home qualify for a conventional mortgage? Will it be insurable? I was told I might have to put money for the repairs in escrow at closing, but I am hoping to do the repairs myself.
Any advice would be appreciated :-)