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Updated over 5 years ago on . Most recent reply
Conventional Loan Question
Hello,
I am considering using a conventional loan to purchase a property that I would rehab and then sell. Since the conventional loan wouldn't work for the rehab costs, what kind of loan would work best to cover the rehab costs? I am aware of the FHA 203k loan and Fannie Mae's HomeStyle Renovation mortgage loan. Both of these kind of loans would require a general contractor. I would prefer to act as my own general contractor.