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Financing options for a fixer upper condo?

Started by nacho
10 months ago
Posts: 24
Member since: Jan 2019
Discussion about
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
Response by front_porch
10 months ago
Posts: 5316
Member since: Mar 2008

you might be a candidate for taking hard money and then refinancing.

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Response by streetsmart
10 months ago
Posts: 883
Member since: Apr 2009

@nacho
Licensed mortgage broker here.
Will check with some of my lenders and get back to you. Also have portfolio lenders.

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Response by streetsmart
10 months ago
Posts: 883
Member since: Apr 2009

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

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