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What is the Right Mortgage for Buying a Fixer-Upper?

You have found your dream house but it will take significant work to make it a home. You do not have cash in savings to pay for both a down payment and the repair costs. Not to worry - this is not a hopeless situation. Fortunately, there are two types of mortgage loans available for just this scenario:  The Federal Housing Administration (FHA) 203(k) rehabilitation loan or Fannie Mae HomeStyle Renovation Mortgage. FHA 203(k) Mortgage The Federal Housing administration has provided a home loan that allows buyers to borrow enough money to cover the price of the home plus the estimated...

February 13th, 2019 | FHA Loans, Purchasing a Home, What is the Right Mortgage for Buying a Fixer-Upper?

Millennial Mortgage
(NMLS# 1211572)

5505 W Chandler Blvd # 3, Chandler, Arizona 85226
Phone: 480-426-1636 | Toll Free: 800-402-8884
Fax: 855-883-1938

Proudly serving Arizona, California and Washington.

Millennial Mortgage, Inc. is licensed by the Arizona Department of Financial Institutions (License AZ BK-1007770), the California Department of Business Oversight (License #60DBO59183), Washington Department of Financial Institutions (License WA 1211572), and the Florida Financial Services Commission Office of Financial Regulation (License MLD1859).

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