Zillow Advice: Mortgage Types - Renovation Loan http://www.zillow.com/advice-thread/Renovation-Loan/487939/ Zillow Advice | Zillow Real Estate Just answered a similar post ... http://www.zillow.com/advice-thread/Renovation-Loan/487939/ Just answered a similar post about this so i will state the same. <br/><br/>Look into the FHA 203K programs or the conventional Homestyle rehab programs as well. Make sure you choose a lender that specializes in these programs and is authorized to do the Homestyle programs as they are lender specific.<br/><br/>You want to make sure your lender has done these before and has a support team in place so the loan gets expedited smoothly for you.<br/><br/>Good luck and best wishes!<br/>-Scott Thu, 20 Mar 2014 15:03:00 GMT http://www.zillow.com/advice-thread/Renovation-Loan/487939/ 2014-03-20T15:03:00Z [Spam content removed by ... http://www.zillow.com/advice-thread/Renovation-Loan/487939/ <div><ul class="noindent"><li><div><br/><strong style="text-align: right;"><em style="text-align: right;"><u>[Spam content removed by Zillow moderator due to violation of&nbsp;<a style="text-align: right;" href="http://www.zillow.com/howto/GoodNeighborPolicy.htm">Good Neighbor Policy</a>.]</u></em></strong></div></li></ul></div> Thu, 20 Mar 2014 13:48:00 GMT http://www.zillow.com/advice-thread/Renovation-Loan/487939/ 2014-03-20T13:48:00Z The best program out there ... http://www.zillow.com/advice-thread/Renovation-Loan/487939/ The best program out there for what you are needing is the HomeStlyes Renovation Loan. &nbsp;This loan allows for up to $150,000 in renovations or 50% of the improved value of the home whichever is less. &nbsp;The appraisal will be based on an as completed value and condition. &nbsp;The renovations must be attached to the home and provide value. &nbsp;&nbsp; Sun, 23 Feb 2014 17:02:00 GMT http://www.zillow.com/advice-thread/Renovation-Loan/487939/ 2014-02-23T17:02:00Z Contact Heath Hall. He is ... http://www.zillow.com/advice-thread/Renovation-Loan/487939/ Contact Heath Hall. He is a preferred&nbsp;lender on my Zillow site!!! Good luck<br/>Broker Benjamin1. Sun, 20 Oct 2013 19:59:00 GMT http://www.zillow.com/advice-thread/Renovation-Loan/487939/ 2013-10-20T19:59:00Z There is FHA 203k loan and ... http://www.zillow.com/advice-thread/Renovation-Loan/487939/ There is FHA 203k loan and Home Path renovation loan. I would suggest that you consult with a lender/broker who is experienced in these. A good consultant can evaluate the property, provide you with details on the requirements and guidelines. Sun, 20 Oct 2013 19:47:00 GMT http://www.zillow.com/advice-thread/Renovation-Loan/487939/ 2013-10-20T19:47:00Z I'm not sure why you would ... http://www.zillow.com/advice-thread/Renovation-Loan/487939/ I'm not sure why you would be denied either.&nbsp; I have several lenders who I think would be able to help you with this.&nbsp; Feel free to contact me directly and I can send you their contact information.&nbsp; Hopefully you have found a solution by now, but if not let me know.&nbsp; Good luck. Tue, 16 Apr 2013 19:16:00 GMT http://www.zillow.com/advice-thread/Renovation-Loan/487939/ 2013-04-16T19:16:00Z Based on your scenario described, ... http://www.zillow.com/advice-thread/Renovation-Loan/487939/ Based on your scenario described, I would not go with a 203K. This is a costly FHA loan and you have less expensive options. <br/>Shawn mentioned a "Conventional, Renovation Refinance". This is the route I would take. <br/>I am curious as to why they denied a construction loan. Regardless of the condition of the house &amp;&nbsp;being credit sufficient, you can get a construction loan on an empty lot. Was it a true construction loan? <br/>If you find you need a construction loan, I would be happy to point you in the right direction. Based on your financial situation, i dont see why you would be denied. Tue, 16 Apr 2013 18:56:00 GMT http://www.zillow.com/advice-thread/Renovation-Loan/487939/ 2013-04-16T18:56:00Z We can do a Conventional ... http://www.zillow.com/advice-thread/Renovation-Loan/487939/ <p>We can do a Conventional loan based on the future value of your home with our Renovation Refinance program.&nbsp; The FHA 203K loan is available also, but has higher PMI costs.<br/><br/>Give me a call and we can discuss your options in detail.</p> Tue, 16 Apr 2013 18:38:00 GMT http://www.zillow.com/advice-thread/Renovation-Loan/487939/ 2013-04-16T18:38:00Z Consider doing an FHA 203k ... http://www.zillow.com/advice-thread/Renovation-Loan/487939/ Consider doing an FHA 203k Renovation Loan, which is available for existing home owners.&nbsp;<br/><br/>Although 'self-help' on a 203k is permitted according to HUD/FHA guidelines, most lenders won't allow it or charge extra points to do so. So, you will most likely be required to use a General Contractor for the renovations and it's best to use a GC with 203k experience such as a Certified 203k Contractor.&nbsp; Tue, 16 Apr 2013 01:15:00 GMT http://www.zillow.com/advice-thread/Renovation-Loan/487939/ 2013-04-16T01:15:00Z I think you seriously need ... http://www.zillow.com/advice-thread/Renovation-Loan/487939/ I think you seriously need to consider how much you want to sink into this home (which you should have considered before you bought the place). &nbsp;You bought the place "as is" which makes me think it was a foreclosure. &nbsp;I advise my buyers to get a home inspection before purchasing a home, which helps to give them guidelines as to how much they would need to spend on a home to make it a nice home. &nbsp;You don't qualify for a mortgage now for it, because you have already purchased it. If the structural damage is extremely severe, the lenders are not going to finance it. &nbsp;It may be in your best interest to just re-sell as is, and cut your losses.&nbsp; Mon, 15 Apr 2013 02:13:00 GMT http://www.zillow.com/advice-thread/Renovation-Loan/487939/ 2013-04-15T02:13:00Z