A Virtual assistant Renovation Financial to fund an excellent Fixer-Upper: Would it be Effectively for you?

A Virtual assistant Renovation Financial to fund an excellent Fixer-Upper: Would it be Effectively for you?

You are an assistance associate otherwise veteran wanting to pick property. But you are on a rigid budget and you may most likely will need to pick a beneficial diamond-in-the-crude possessions you could rehabilitation. Where could you turn for funding?

The brand new Agencies out-of Veterans Points (VA) features a repair financing one funds a great house’s cost while the better because rates to repair they with the you to definitely completely amortizing, fixed-rate financial. You will not have to go after a few separate financings — that to the mortgage and something towards the home improvements. (more…)

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