Alternatively, look into renovation-specific loans like the Fannie Mae HomeStyle Renovation or FHA 203K loans as standalone products for rehab costs.FHA 203K LoanPros:Low Down Payment & Bundled Costs: This loan simplifies the process by combining the purchase and rehab costs into one mortgage.Cons:Interest Rate & Refinance Requirement: Higher interest rates and the need for refinancing could reduce your overall return on investment.Fannie Mae HomeStyle Renovation LoanPros:Bundled Costs: Like the FHA 203K, this loan combines purchase and renovation costs, simplifying the process.Cons:Interest Rate & Refinance Requirement: Similar to the FHA 203K loan, the need for refinancing to extract equity and convert to an investment property might add to your costs.I am a loan officer so I have some expertise in this area.

Keep them coming!

The market here is slowing down a bit, especially on the retail side where homes are selling for over 500k.On the investment side, we've noticed a significant price decrease in properties in Flood Zone AE due to skyrocketing insurance premiums.

Welcome to BP.If you intend to use a VA backed product, it must be for your primary residence.

Our products are also very diverse with over 80 investors.

I know lumber has come down significantly and have been reading due to a slow down in the market there is over supply coming from the lumber mills. 

The vast majority the rest of the nation will continue to see moderate to slow increases in value. 

In my opinion it creates road blocks that slow investors down. 

Even commercial construction has slowed wayyyyy down.

There is a conventional renovation product if you qualify for it.