+1 vote
I have a rent to own house but i need help fixing it. It is our responsibility and the program wants to sell us the house but we have to make sure the house is fixed. This is a complicated situation.
asked Feb 12, 2018 in Home Improvement by anonymous

1 Answer

0 votes
You can purchase that home with a FHA 203k Rehab Loan. It is an acquisition and construction loan program offered by FHA. 3.5% down payment on after improved value. Once the renovations are done, it converts to a permanent 30 year fixed rate FHA LOAN.

Gustan Cho NMLS 873293
Branch Manager
USA MORTGAGE NMLS 227262
A Division of DAS ACQUISITION COMPANY NMLS 227262
The Gustan Cho Team at USA MORTGAGE
www.gustancho.com
answered Feb 12, 2018 by GustanCho (106,540 points)

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