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Updated over 17 years ago,
GREAT Credit - No Money - But I Need Rehab Loan
Hi again :)
Here is my original thread about the property I'd like to discuss:
http://forums.biggerpockets.com/viewtopic.php?t=10328
We now have a purchase offer in on this property, and must make an application within 5 days.
We shopped around some, but have mostly been working with a local and large reputable bank. However, the mortgage lady kind of ticked me off today.
I wonder if there are other comparable options out there for us.
Purchase price - $41K
Rehab needed - $25k
Estimated value after rehab - $80k
Credit scores - mid to high 700s
Job history- 12 years
Open lines of credit - 1
Debt - None
Any help or advice would be greatly appreciated!
-Susan