Fixer upper homes

Buying fixer upper homes can be lucrative or can become a disaster especially if you run out of money to complete the renovation project.  If you think you might be tight on cash to remodel a fixer upper you might want to consider applying for a renovation home loan.

The renovation home loan allows the home buyer to finance the cost of renovations with a small down payment.  The renovation loan will require a property appraisal and will use what the value would be after renovations are completed to determine the maximum loan amount.  I personally believe having this appraisal protects the home buyer by avoiding over improvement of the property.

Contact me today to learn more about the renovation loan and make buying a fixer upper home a reality without a large up front investment!

Licensed by the Department of Business Oversight under the California Residential Mortgage

Lending Act, License No 41DBO-78367.  Licensed by the Department of Business Oversight under the California Financing Law, NMLS #2289.  Loans made or arranged pursuant to a California Residential Mortgage Lending Act License.  Fairway Independent Mortgage Corporation NMLS Entity ID #2289 (http://nmlsconsumeraccess.org/EntityDetails.aspx/company/2289).