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Cant find the perfect home? Yes you can. Here's how:
 
 
One thing I have noticed over my career, with each decade that passes by buyers are less willing to purchase a home that needs work. In some scenarios they don’t even want to deal with simple painting of a home. This causes a few issues when house hunting; competition and inventory.
There are limited new homes and limited existing homes that appear to be shiny and new. Buyers are now competing for the few “good” properties that are available, often getting caught in bidding wars or possibly settling for a home that isn’t in the neighborhood they want.
If it is difficult to find what you want in a neighborhood, or you find yourself saying “this house could be perfect if_______.” You should be considering a Renovation loan.
Stop looking for the perfect home and look for your ideal location. That tired house on the street you want to live on can become the perfect home with just a little imagination and the right mortgage. Your options for Renovations: FHA 203k, Fannie Mae Homestyle and there is also a VA Reno program.
What can you do with a reno loan? Just about anything you can imagine other than tearing down a home and starting from ... more

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