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Updated over 4 years ago on . Most recent reply

Ify (Bobby) Anizoba's profile image
Ify (Bobby) Anizoba's profile image
Ify (Bobby) Anizoba
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  • from Atlanta Metro Area, GA
  • Member since Sep 20, 2020
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Ify (Bobby) Anizoba's profile image
Ify (Bobby) Anizoba's profile image
Ify (Bobby) Anizoba
  • Specialist
  • from Atlanta Metro Area, GA
  • Member since Sep 20, 2020
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Ify (Bobby) Anizoba
  • Specialist
  • Atlanta Metro Area, GA
18
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General Real Estate Investing

Can you buy a fixer upper using a conventional loan product?

Ify (Bobby) Anizoba
  • Specialist
  • Atlanta Metro Area, GA
Posted

Looking to buy a house that needs a good amount of work. Are conventional loan Products usable?

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Rico Nasol's profile image
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Rico Nasol
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  • from Henderson, NV
  • Member since Feb 27, 2018
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Rico Nasol
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  • from Henderson, NV
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Rico Nasol
  • Investor
  • Henderson, NV
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Rico Nasol
  • Investor
  • Henderson, NV
Replied

@Ify (Bobby) Anizoba you can as long as it appraises for the loan amount you are looking for. If you are trying to roll the rehab costs into the loan, you may want to look into an FHA 203k which will let you roll the purchase price and rehab into the loan. Will you be using cash for the rehab or would you want to roll it into the loan?

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