Financing a house with challenges

[Vern Gassen]

We have located a SFH within our budget for a loan, but it has a challenge. Within the basement, there is mold on the lower 12 inches of sheetrock on two interior walls. Our lender has informed us their appraisers won't approve it for sale without remediation. The property is VA-owned and they will not address the issue. It is minimal enough that it could easily be resolved with a few hours of work which we are prepared to do.

Any lenders you are aware of who will finance under these conditions? We know a hard money lender would be an option but wasn’t one we were prepared to go with just yet and that option might put the short-term numbers in a place we can’t manage.