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Updated almost 3 years ago on . Most recent reply

Ben O.'s profile image
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Ben O.
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Ben O.
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Buying & Selling Real Estate

Crappy house / Great location. Can I still get a loan?

Ben O.
  • Investor
Posted

Let's say the lot value is 450k (idyllic neighborhood) but the structure is worth only 45k. Will I have trouble getting conventional lending for this property?

Any pointers on offer / appraisal process?

Thanks!

Austin, Texas
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Eliott Elias
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Eliott Elias
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Eliott Elias
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Eliott Elias
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Conventional financing has its own criteria to make the home loan worthy. If it’s not livable they won’t do it 

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