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Updated over 8 years ago on . Most recent reply
203K lenders
Hi everyone!
Looking around for a mortgage company who offers 203K / rehab loans (or some variation) for our future primary residence in Pittsburgh (for once we are rehabbing our own house!)
House will not quality for conventional or FHA loan (needs 60-70K in work, has no kitchen, needs new Windows, a new roof, house is in middle of a rehab).
Shopping around for best terms and options that will work for us!
Thanks in advance! Have a great day, fellow investors!
Most Popular Reply
I'm using John Lippello with Prospect Mortgage right now for our own primary residence. Things have went smoothly so far. Getting the 203k loan and dealing with all of the paperwork during the renovation aren't easy, but if you've flipped houses before, it should be OK. Send me a PM if you want more details. We just passed our rough framing inspection yesterday.