Close

See current mortgage rates on Zillow Mortgage Marketplace

What Type of Financing?

Profile picture for ProspectMill
I purchased a foreclosed property on October 15th 2010 for approximately $165,000. I'm looking to sell on or after October 15th 2012 to avoid the capital gains taxes I would incur by selling earlier. I'm planning to get a $15,000 loan to do some needed home improvements. The Zestimate of the property is currently right around $245,000. What is the best way to get the money? No Interest introductory Credit Card, Heloc, or other. Looking to pay off the $15K loan with proceeds from the sale of the house.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.

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.

0Yes

December 06 2011 - Bel Air North
 Share
 RSS
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

Answers (2)

Profile picture for tmortgan
The "Streamline 203(k) loan" allows you to do up to $35,000 ($31,000 net of costs and holdback) of "NON-STRUCTURAL" repairs. 
  Flag content
Close
Report a Problem

Please enter a valid email address.

Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.

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.

1Yes

December 06 2011
Profile picture for bri_gets
HELOC or Home Equity loan are really your only options.   You won't be able to find a mortgage company willing to do a traditional mortgage for such a low loan amount.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.

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.

0Yes

December 06 2011
 

Have a question? Ask it here.

What's this?
Close

By starting a discussion, you can expect more of an interactive, back-and-forth experience where the conversation can go in many different directions.

Or start a discussion
Related Questions
Profile picture for Bridget McGee
QuestionHELOC question
  • Latest answer by Bridget McGee
  • December 15 2011
Profile picture for Thomas Morgan
QuestionWhat Type of Financing?
  • Latest answer by Thomas Morgan
  • December 06 2011
Compare Mortgage Rates

See all 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