Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What does it mean when the property is listed as “Cash Only, Renovation Financing May Be Available”?

April 26, 2017cash financing mean Property renovation

0

Posted

What does it mean when the property is listed as “Cash Only, Renovation Financing May Be Available”?

1 Answer

0

Posted

Ans. A renovation loan is a loan that enables you to get cash to renovate a property that would not normally qualify for financing. It follows FHA guidelines. Renovation Financing may be available on select properties typically sold as “Cash Only” which meet the loan eligibility requirements as set by the lender.