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Updated over 7 years ago,

User Stats

6
Posts
2
Votes
Jane WIlcox
  • Livonia, MI
2
Votes |
6
Posts

Buing home cash, rehabbing. Will bank fully mortgage after rehab?

Jane WIlcox
  • Livonia, MI
Posted

I am buying a home cash for roughly 90,000.00 cash. After closing costs and rehab I will have 115,000.00 into the property and the property will be worth roughly 135,000.00. At that point I will rent it out. How long before I can get a mortgage on the property and how much will the bank usually mortgage on the property after appraisal since it is not a primary residence?

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