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Updated over 17 years ago,

User Stats

33
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0
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Filkins Susan
  • New York
0
Votes |
33
Posts

GREAT Credit - No Money - But I Need Rehab Loan

Filkins Susan
  • New York
Posted

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

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