All Forum Posts by: Sara Zeleke

@Caleb Jrodan thanks for the info. That's what I gathered online about hml not doing primary residence. I was trying to see if there are other ways to qualify as a cash buyer in the seller's eyes. Or to see if there are excpetion hml lenders that do primary residences. Its a homepath so only selling it to owner occupants for 287k with arv >380k. Reno 40k.

Hello bp,

I found a home that needs lots of work. Its Fannie mae and only accepting cash or 203k. I rather not use 203k. 

Is there a way to get a hard money loan to make a cash offer, fix it up and refi conventional to pay off the hml? 

I hear that hml wont do primary residence though. Is there any other way of doing this?

My hubby is very handy and is in the process of getting a contracor liscence and we have about 70k cash to use towards the reno. Is there a way to buy and reno it ourselves without someone dictating us which contractors to use? 

Trying to avoid 203k hassle. Thanks in advance for your insight.