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Is there a specific loan to help with repairs for 1st time home buyers?

April 26, 2017Buyers help Home loan repairs time

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Is there a specific loan to help with repairs for 1st time home buyers?

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If you are asking in regards to purchasing a home that needs extensive renovations or repairs to make it livable, you may want to speak with your lender about an FHA 203K loan. However if these are more minor repairs&the home will appraise & qualify for conventional or streamline FHA financing, you may want to speak with your lender regarding opening an equity line immediate when you close on your home for the repairs.