Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 7 years ago,
3% Down Mortgage & Renovation loan in one payment
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!