Hard Money Rehab Lender in Niceville FL

[Charlie Cameron]

Good morning!

My wife and I are active duty Air Force and we are being reassigned to Eglin AFB in May 2019.  We are considering buying a foreclosure/ROE/wholesale property to live in.  We'd like to get the big items knocked out before we move in and then once everything is done, do a conventional refi.  Does anyone know any hard money lenders in the Niceville, Fort Walton Beach, Destin area that will support a hard money loan like this?

We haven't done a single family flip or BRRRR, but we have done full rehabs on multiple apartments in Ohio.

Thank you!

Charlie

[Diana Muresan]

I am VA and 203k FHA and FannieMae renovation loans certified in all 50 states. Noooo, why would you need a Hard Money lender? You could do an FHA renovation loan with 3.5% including the renovation loan or you can do it on FannieMae HomeStyle conventional with 5% Downpayment, on both programs you don't need to make mortgage payments during the renovation, you can roll up to 6 months payments into the loan amount. You can refinance on a VA loan once Reno is done. I would build all closing costs as a seller concession.