Purchase Rehab Loan purchasing a fixer upper? GreenPath Financial Wellness Can Help – Purchasing a fixer upper house is often a Catch-22 situation.. Fortunately there is a special loan program for just this kind of purchase.. account to pay for the repairs and improvements during the rehabilitation period.
Government-insured home loans include the following: fha loans The Federal Housing Administration (fha) mortgage insurance program is managed by the Department of Housing and Urban Development (HUD), which is a department of the federal government. FHA loans are available to all types of borrowers, not just first-time buyers.
Rural Development Guidelines The Rural Housing Service (RHS) program provides very low-, low- and moderate-income rural residents with better access to affordable housing finance options with little or no down payment or out-of-pocket costs. Borrowers may obtain a loan to purchase a new or existing home that is located in a designated rural area. A