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if I purchase a house for an amount lower than I was preapproved, can I still borrow the difference?

I want to use the additional funds for renovation to the property.

  • March 27 2009 - Heber
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Answers (2)

I agree with Vicky - you would need a "purchase plus" construction loan or a FHA 203K loan.
  • March 28 2009
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Then you need a renovation loan.  Ask your lender for renovation loan options.
  • March 28 2009
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