410-991-2191
info@atlanticprimemtg.com
Apply Now
Secure Doc Upload
Atlantic Prime Mortgage Logo

Annapolis Best of 2018    Annapolis Best of 2019   Best of Annapolis 2020    2020 Five Star Mortgage Professional

Questions? Call Us at
800-204-1283

Apply Now

David Jones

NMLS ID 213543

410-991-2191 info@atlanticprimemtg.com

Blog

Blog Image: What is the Right Mortgage for Buying a Fixer-Upper?

What is the Right Mortgage for Buying a Fixer-Upper?

You have found your dream house but it will take significant work to make it a home. You do not have cash in savings to pay for both a down payment and the repair costs. Not to worry - this is not a hopeless situation. Fortunately, there are two types of mortgage loans available for just this scenario:  The Federal Housing Administration (FHA) 203(k) rehabilitation loan or Fannie Mae HomeStyle Renovation Mortgage. FHA 203(k) Mortgage The Federal Housing administration has provided a home loan that allows buyers to borrow enough money to cover the price of the home plus the estimated...

February 13th, 2019 | FHA Loans, Purchasing a Home, What is the Right Mortgage for Buying a Fixer-Upper?