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Updated almost 7 years ago,

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1
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Jacob Connaway
  • Nashville, TN
0
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3% Down Mortgage & Renovation loan in one payment

Jacob Connaway
  • Nashville, TN
Posted

I am looking for a lender that can provide a 3% down payment mortgage with a renovation loan "built in" so that I would have 1 payment. PMI would need to go away after 18-20% of the note is paid. Does such a thing exist? I am looking at a $300k property (2 lots with a home one 1) that will need $50-75k in renovations and would AIV would be around $500-600k. This would be my primary residence. Thanks!