looking to buy a house and it has a cistern not a well , can we use an usda or fha 203k loan to finance house and put well in.

With an FHA 203k loan, you can include the cost of drilling a new well into the new loan. 203Ks. There are several benefits to doing a 203K... Minimal cash out of pocket; the costs of the improvements are rolled into the new loan balance at today's historically low interest rates. In addition to the new well, you can include into the improvement project things like new flooring, energy efficient windows, new appliances, etc. Work with a Local Mortgage Banker/Broker that is 203k certified. Don't forget to check out your selected Mortgage Originator at the National Mortgage Licensing System at www.NMLSConsumerAccess.org ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950

FHA 203k should be an option, will need to look at USDA options

-You can include the cost of the well with a FHA 203K. We can't roll this expense into a USDA RD loan. For more information on these two programs feel free to call me. 517-489-2440