what about cosmetic such as missing interior trim boards and rooms needing new paint in a house built in 1999?

As long as the house can be lived in and all the utilities work you should be able to get a mortgage on it.

Connie, Great question. When lenders look at homes from their perspective, they look at habitability. They do not care if the paint is the wrong color, carpet or flooring is wrong or is very worn etc. Lenders typically are concerned with structural integrity such as a roof leaking, foundation sagging, non-permitted additions which may also not be up to code etc. The cosmetic stuff is the small stuff. So long as the home is sound, they realize that you may renovate while living in the home. Its when you HAVE to renovate prior to occupancy due to structural defects that things get "iffy" and even then, there are loan programs for renovation as well. All the best, Scott.

Typically, cosmetic items are not a problem.. The appraiser has an obligation to notate any property deficiencies that have to do with the "safety and health" concerns of the occupants.. Example:.. Appraiser sees exposed wiring, broken glass windows, evidence of mold, or water stains on the ceiling.. these can all be considered a safety or health risk for the occupants.. so, the appraiser will make his appraisal valuation "subject to" those deficiencies being fixed/corrected. New paint or missing trim is merely cosmetic, and shouldn't be a problem. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

Are you looking for a FHA 203K or a Conventional rehab loan?