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Updated about 11 years ago on . Most recent reply

Joel DeLuca's profile image
Joel DeLuca's profile image
Joel DeLuca
  • Rental Property Investor
  • from Longview, TX
  • Member since Nov 27, 2012
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Joel DeLuca's profile image
Joel DeLuca's profile image
Joel DeLuca
  • Rental Property Investor
  • from Longview, TX
  • Member since Nov 27, 2012
Connect
Joel DeLuca
  • Rental Property Investor
  • Longview, TX
1
Votes |
23
Posts
Foreclosures

If a HUD is listed as UI (Uninsured) for FHA, is it possible to get Conventional loan?

Joel DeLuca
  • Rental Property Investor
  • Longview, TX
Posted

I am considering a HUD that is FHA financing UI (Uninsured). Would the offer have to be cash or hard money? Are there Lenders willing to loan conventional financing on distressed property? The house needs paint and flooring, has some holes in the sheetrock, and is missing appliances (stove and dishwasher).

My long term goal is to own it as a rental.

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