Nathaniel, sounds like you are close to finding the right home but it has a few repairs to be made. Are you familiar with a 203k loan? Are you planning on doing the repairs themselves. The reason I ask is because I want to be sure that the lender that I refer you is the right person for your situation. I am happy to talk to you over the phone if you are comfortable with that or you can email me at info@davidvannoyjr.com

Look forward to talking to you soon.....

David Van Noy Jr

PS, you can call me at 913-287-4663 at 3:30 today

The agents say it well -- another aspect of your renovation financing involves getting your lender's appraiser to agree that your improvements equate to a new value. Be sure to talk to your lender about your plans and what they will allow. A buyer's agent can also help you and can usually tell you which lenders are best for contractor loans, construction financing, or home improvements. An important consideration is improving your fixer upper within the value parameters of your neighborhood -- it's amazing how your first renovation can surprise your budget of money and time!

Nathaniel,

Our recommendation is to begin by taking the position of collecting information on the financing aspect of purchasing a home. We suggest meeting with several loan specialists in an effort to not only identify the best rates and programs but to understand with clarity what they mean to you.

Be sure to request explanations for programs and terms you are not familiar with and ask each loan agent for a "good faith estimate" that will explain their rate quote and program offered to you.

Best regards,
Susan & Bill Eckler

Contact a mortgage broker become approved for a home loan work with realtor who can locate a home with equity. Regarding home improvements at your expense,

Hi Nathaniel,

The first thing you're going to want to do is get pre-approved by a lender. That way you have an idea of what you can afford, and can start looking at homes from there. There are many lenders to choose from in the area. I can send you information and contact numbers. Just head to my website and email me if you're interested!