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Updated almost 5 years ago on . Most recent reply
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Does Rehab ONLY loans exist?
Here is the Situation. I am about to close on a property in which it is owner financed and I have the down payment and more. The house needs some work.
However I dont have the amount to rehab (30k contractor quote) the house.
Every lender I see says "purchase price and rehab" AND they only rehab $75,000 minimum or a percentage of ARV.
Im not asking for a lender but I am asking if REHAB ONLY loans exist for such a low loan amount?