Eugene Mortgage News

Are you looking to finance a Fixer-Upper?

March 2nd, 2018 1:01 PM by Mike Herborn

Have you found a home in a great neighborhood, but it’s in bad shape? There are loan programs that will help you finance the fixer-upper! The Conventional Homestyle and the FHA 203k Mortgage programs will let you purchase a home and fund the needed or wanted repairs all in one loan. 

FHA 203k Loan

Purchase or refinance

Owner occupied only. 1-4 Unit properties, Planned Unit Developments, and FHA approved condominiums.

FHA down payment as low as 3.5%

6% Seller Concessions allowed

Flexible credit qualifying

Conventional Homestyle Loan

• Purchase or refinance

• 1-4 Units properties. Owner occupied, second homes and investment properties.

• Down payment as low as 5%

If you would like more information about the Conventional Homestyle or FHA 203k loan, give us a call at 541-683-3300. We would be happy to help you!

Posted in:General
Posted by Mike Herborn on March 2nd, 2018 1:01 PM