buying my actual primary residence

[Belikerve Joseph]

I am currently deployed overseas and i bought my condo roughly a month or so ago. it is currently occupied by a tenant and cashflowing. i am currently interested in this other property that is a foreclosure that has been on the market for quite wa long time, and my current plan is to buy it, fix it up ands use it as my primary home, i was wondering if they're are any certain loans that do not require too much money down where i can finance the renovations? just looking for a bit of guidance...

[David C.]

Keep in mind @Belikerve Joseph that most fixer loans are business purpose loans, meaning you can't be using it as a primary residence, that includes HML lenders. Consumer purpose lenders (banks, etc) are going to be hesitant to lend against a house that needs a lot of repairs. So you are limited. As I recall the FHA203k loan is designed specifically for what you are looking for.