- 7 years ago
- Wedding: October 2011 - Bed & Breakfast
Has anyone used a rehab loan to purchase and rehab a home? Mr. LK and I have found a foreclosure home tha has a lot of possibilities, but also needs a lot of work. Our agent has indicated that the house, given all of the work that is needed, probably will not qualify for a conventional 80/20 loan, as we had planned to do. We are speaking today with a lender that specializes in HUD Rehab loans, but I wanted to hear any personal stories and experiences, too. Thanks!