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Updated over 8 years ago on . Most recent reply

Raj I.'s profile image
Raj I.'s profile image
Raj I.
  • from Duluth, Georgia
  • Member since Feb 8, 2017

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Raj I.'s profile image
Raj I.'s profile image
Raj I.
  • from Duluth, Georgia
  • Member since Feb 8, 2017
Raj I.
  • Duluth, GA
3
Votes |
33
Posts
Rehabbing & House Flipping

Can you get a conv loan for Reno/rehab?

Raj I.
  • Duluth, GA
Posted
I have an awesome mortgage lender in Atlanta but they have a policy not to loan unless the utilities and water is turned on. They want it habitable basically. How did you overcome it? Cash? Private $? I'm not interested in hard $ as the plan is to buy hold and rent. Thanks!
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Bob Okenwa's profile image
Bob Okenwa's profile image
Bob Okenwa
  • Real Estate Agent/Investor
  • from Peoria, Arizona
  • Member since Dec 10, 2016

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Bob Okenwa's profile image
Bob Okenwa's profile image
Bob Okenwa
  • Real Estate Agent/Investor
  • from Peoria, Arizona
  • Member since Dec 10, 2016
Bob Okenwa
  • Real Estate Agent/Investor
  • Peoria, AZ
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Bob Okenwa
  • Real Estate Agent/Investor
  • Peoria, AZ
Replied

Look up "HomeStyle Renovation Loan". It is a loan by Fannie Mae that allows reno/rehab costs to be rolled into the mortgage.

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