Financing options for a fixer upper condo?
Started by anonymous
2 months ago
Discussion about
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Hi, I have cash for 40% down and even the renovation, but not for full cash purchase. Everything i seqrch sends me to 203k which is for financing even the renovation which is no my case. It will be my primary residence but i need 3-5 months to fix it, then ill move it. Current kitchen and bath are not in working conditions. Can i still go with regular lenders or should i search somehwere else? Thank you
you might be a candidate for taking hard money and then refinancing.
@nacho
Licensed mortgage broker here.
Will check with some of my lenders and get back to you. Also have portfolio lenders.
I spoke to several lenders who said they have funding for your scenario.
Feel free to call me as additional information is needed.
Ellen Silverman
Licensed Mortgage Broker
NMLS#60631
Mobile:516-242-2755