Conventional Loan Update

                                            Conventional Loan Update

 

You can finance the purchase of your home plus repairs on a Conventional loan (Not an FHA 203K)

Below are the down payments required...

 

5% Down Owner Occupied

10% Down Second Homes

20% Down Investment Properties ($100,000 minimum loan amount for investment properties)

 

Must have a licensed contractor complete the repairs. Buyer can not complete the repairs. As long as the repairs are supported by the appraisal and connected to the property, there is no limitation to the repairs that can be financed. Unlike FHA, luxury items such as swimming pools can be financed.

I am not a loan officer, for more direct information, please contact a mortgage broker or loan officer

Thank you,

 

 

Ainsley Daux

Florida Realty

(813)546-1954

 

Tampa Bay Short Sale Guy

 

902 w Lumsden rd

Brandon, Fl. 33511

ste: 103