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Updated about 8 years ago on . Most recent reply
Conventional loan on a rental with structural damage?
Hello,
I"m thinking about purchasing a home that has structural damage to the attached garaged. Nothing that can't be fixed but it is possible that a conventional loan won't work. I know about renovation loans which guarantee the property will be fixed and appease the underwriting. My question is: are there conventional lenders that seem to have relaxed standards on conventional loans especially if the damage part to the home is not living space? Thanks for your help.