FHA Fannie Mae Conventional

[Justin D.]

On a home loan where can I go to learn about the underwriting requirements for the homes condition. So when I look at a house that needs rehabbing I know which loan companies will loan against it and which ones will not.
FHA 203(k)
Fannie Mae Homestyle
USDA loan
Conventional

[Jeff Dulla]

@Justin D. it is impossible to simply give you a blanket statement or point you to one place. To generalize, 203k and homestyle are what you would need if you think there is serious work needed on the house to close. 

Fannie/Freddie and FHA, the typical loans, are going to stop you on a home that has any safety or structural issues. They are also going to stop you of there are integral parts of the home missing that would impact resale value and ability. You can't paint that with a broad stroke - hence why they require a full appraisal to be done on each loan. That process is meant to dig in deep on issues that could detrimentally affect the piece of collateral.

If there is nothing totally obvious - bad roof, bad foundation, mold, missing cabinets, etc, you should be able to do normal Fannie/Freddie/fha financing. If any of those things are a major issue, you need 203k, homestyle or Reno loan most likely.