FHA Loan That Allows Buyers To Get The Money To Buy And Fix Their New Home In The Same Loan. This Loan Is For Structural Repairs Or For Repairs Over $35,000.

• FHA Product - Follows FHA Guidelines
• 1-4 Unit Primary Residence Only
• Structural Improvements Permitted
• Competitive Interest Rates
• Only 3.5% Down - of Acquisition Price - Purchase Price + Rehab Cost
• Easier Qualification Than Conventional
• Up to 6 Month Renovation Timeframe
• Limited by FHA County Loan Limits
• 6% Seller's Concession Allowed
• Up To 6 Months of PITI Can Be Financed
• Maximum Loan 110% of Finished Value
• Draws - Typically 5-6 Draws, but it is up to the FHA Consultant