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Updated over 2 years ago on . Most recent reply

Can I use a conventional loan for a fixer upper investment?
NOT looking for a hard money loan (so I guess that I should assume that no one will answer this).
I don't want to pay astronomical fees for a HML especially if it takes longer to fix up for whatever reason. Is there any way to do a conventional loan on a fixer upper property and somehow fund the rehab costs simultaneously without getting a partner? I'm talking about getting some type of loan somehow.
I have 25% for the down payment.
This would be for an investment property.
I currently have a FHA on my primary residence. Not sure if this would affect anything.
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- Loan Officer / Processor / Life & Health Agent
- Rancho Cucamonga, CA
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Look up Fannie Mae homestyle. This is Fannies rehab loan. For invest properties you'll only be able to do 1 unit properties.
I hope this helps.