If I want to purchase a house that needs major renovations, can I get a loan for the purchase price plus the amount needed to renovate/rebuild the house?
Can you use a loan froma mortgage company to renovate a house?
yes. there is a type of fha loan that allows you to do that.
Can you use a loan froma mortgage company to renovate a house?
FHA 203K
and
Conv. rehab loans.
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