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Updated over 5 years ago on . Most recent reply

User Stats

15
Posts
3
Votes
Dale Abella
  • Realtor
  • 89141
3
Votes |
15
Posts

Where to get 203K Rehab Loan?

Dale Abella
  • Realtor
  • 89141
Posted

Hello fellow investors!

Wondering if you can help me out. My fiance and I are looking to a secure a 203K Rehab loan. I've got in contact with a few banks and they do not offer that type of loan. Anyone have an idea where to obtain it?

Most Popular Reply

User Stats

29
Posts
13
Votes
Anthony Beckham
  • Real Estate Broker
  • Roseburg, OR
13
Votes |
29
Posts
Anthony Beckham
  • Real Estate Broker
  • Roseburg, OR
Replied

Hey Dale,

I've never had much trouble finding financial institutions that will do rehab loan products. Mortgage brokers in my experience have been less likely to take on construction loans, rehab loans, etc. However, I'm sure their are plenty of them that do.

Chances are you'll just have to contact more than a few. Every time you talk with one lender, ask who they would recommend that may offer a 203k Rehab Loan. Call them, and repeat the process until you find someone who says they can. I've used this method a time or two, and it will save you time the next time you're looking for a lender to give you a rehab loan! :)

Good luck out there!

  • Anthony Beckham
  • Loading replies...