Close

See current mortgage rates on Zillow Mortgage Marketplace

Profile picture for moneky17

Are there conventional programs that provides a loan for rehabilitation?

I know that 203 (k) Loans are not for investors, and I am looking to resale. Are there coventional loans to rehab a home even after purchase.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
June 22 2013 - Brooklyn
We think we've answered this question for you!
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.
 
 

Answers (4)

Fannie Mae HomeStyle loan
HomePath Renovation loan
FHA 203K loan.


Good luck!.
Andres San Martin
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
September 28 2013
FHA 203k is designed for primary residence owners while Fannie Mae's home loan can do both, that is, for primary residence or property investment. You can also look for private money lenders as they have more flexible terms.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
September 28 2013

Yes.

The Fannie Mae HomeStyle loan is a perfect solution to rehabilitation or repairs for either home purchases or refinances. A main feature is that you can use this product for either your primary residence, 2nd home, or investment property. Unlike the 203(k), it is possible to avoid costly mortgage insurance; it all boils down to how we structure the loan.

If you'd like to discuss the specifics of the program and the rehab you're looking to perform please give me a call or send an email so we can set an appointment to speak.


Kindest regards,


Paul F. Marzolla
Sr. Mortgage Consultant

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
June 24 2013
203 K loans are not just for investors, that is totally incorrect. I would say the majority of 203K loans are not done by investors but by primary residence buyers looking to fix it up and live there.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
June 23 2013
 
Related Questions
Jumbo with 10% down in NYC?
Profile picture for Steven Bueti
Latest answer by Steven Bueti
February 21 | 6 answers
Are there conventional programs that provides a loan for rehabilitation?
Profile picture for Andres San Martin
Latest answer by Andres San Martin
September 28 2013 | 4 answers
How to find if it's mixed-use house?
Profile picture for David  Zybin - Top Broker
Latest answer by David Zybin - Top Broker
July 10 2013 | 2 answers
15 years or 30 years - title search ? ? ?
Profile picture for Brian Walker Estates
Latest answer by Brian Walker Estates
June 25 2013 | 1 answers
B3 - TWO FAMILY CONVERTED FROM ONE FAMILY.
Profile picture for Chris Corica
Latest answer by Chris Corica
June 06 2013 | 3 answers
Mortgage Rates
 
Be A Good Neighbor

Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.

Homes for Sale
  1. 323 Lewis Ave # 3, Brooklyn, NY Home For Sale
    323 Lewis Ave # 3, Brooklyn, NY 11221

     For Sale: $1,690,000

    • Beds: 7
    • Sqft: --
    • Baths: 3.0
    • Lot: --
  2. 6861 Yellowstone Blvd APT 609, Forest Hills, NY Home For Sale
    6861 Yellowstone Blvd APT 609, Forest Hills, NY 11375

     For Sale: $129,000

    • Beds: 0
    • Sqft: 400
    • Baths: 1.0
    • Lot: --
  3. 1417 Herkimer St # THREE, Brooklyn, NY Home For Sale
    1417 Herkimer St # THREE, Brooklyn, NY 11233

     For Sale: $475,000

    • Beds: 6
    • Sqft: 2550
    • Baths: 3.0
    • Lot: --