What is the Right Mortgage for Buying a Fixer-Upper?

You have found your dream house but it will take significant work to make it a home. You do not have cash in savings to pay for both a down payment and the repair costs. Not to worry - this is not a hopeless situation. Fortunately, there are two types of mortgage loans available for just this scenario:  The Federal Housing Administration (FHA) 203(k) rehabilitation loan or Fannie Mae HomeStyle Renovation Mortgage. FHA 203(k) Mortgage The Federal Housing administration has provided a home loan that allows buyers to borrow enough money to cover the price of the home plus the estimated...

February 13th, 2019 | FHA Loans, Purchasing a Home, What is the Right Mortgage for Buying a Fixer-Upper?

American Pacific Mortgage

(NMLS# 301003)
Company NMLS# 1850

1001 W. Tehachapi Blvd., Ste A100,
Tehachapi, California 93561
Phone: 661-822-5523

BRE 012163368 / 01215943 | NMLS 301003
Licensed by the Department of Business Oversight under the CRMLA. NMLS Consumer Access Link

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American Pacific Mortgage Corporation, Real Estate Loans, Tehachapi, CA