What loan product can I get?
I live in Michigan and I just came across a gorgeous home that is a fixer upper but is located in a hot market. I plan to get an FHA but I don’t think the house would meet their requirements. I’ve tried with Rocket Mortgage but didn’t get approved. Next steps? by paolo966 from Bellevue, Michigan. Sep 8th 2022
Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,843 contributions
FHA does offer a rehab fixer upper loan products, called a 203k loan. Not every FHA lender offers it, but plenty do. I offer both the FHA 203 and the Fannie Mae Homestyle rehab loan in MN, Wi, IA, ND, and SD. Learn more at https://joemetzler.com/renovation - Cambria Mortgage, NMLS 274132
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