Home : Blogs : Abbie Lettre : New England Goes Home With Us!

ARE "REHAB" LOANS EXTINCT?

Hi everybody out there! Yup, I'm looking for answers again! I need to pick your brains again! I know the best minds in the industry are all here on Active Rain, so it's the best place to post a blog in order to get the best answers! I have a woman who is interested in purchasing a home that needs some updating. She's being difficult and REALLY has her heart set on this one home. She has an 819 FICO!!! I've only seen one so high a few times in my career and I'd love to be able to work with her! Does anyone know who will still do a rehab loan? I need to sign up with them NOW so I can get her show on the road!! Oh, and I might add that the home is in livable condition, but just needs some updating. What can we do?????

Thanks guys & girls!

Posted by Abbie Lettre on 04/28/2008 03:21 PM

Comments (4)

mortgage loan help, mortgage advice, home for a loan, loan help, lender help help

Post is included in group: Mortgages
Post is included in group: All About Mortgages/Mortgage Networking
Post is included in group: Responsible Mortgage Lenders
Post is included in group: Moms In Real Estate

4 Comments on ARE "REHAB" LOANS EXTINCT?

APR

2008

Will FHA work? Is she going to be an owner occupant?

Call Jason Sardi, he just did an excellent post about different Rehab loans. He will point you in the right direction!

M & T is one of the few remaining players in that area. From what I've seen they still offer the conventional/conforming reno programs as well as the 203(k) on a wholesale basis.

MAY

2008

I can do them as well, and if she is o/oc FHA is an easy one.

Leave a response…

Name:

Email:
(optional)

Comment:

What does the graphic say?