Fix up your fixer upper home with a Rehab Loan in Santa Cruz, CA. If you have found the perfect home but it needs renovation, you can purchase the home and roll the costs of the renovation into your loan.
Understanding The Rehab Home Loan in Santa Cruz
An FHA 203(k) Loan, also called a Renovation Loan, allows buyers to finance the cost of the home and the renovation in one mortgage with a low rate.
The VA also offers a similar option for military and veterans to purchase a home and finance the required renovations to bring it up to standards set by the VA.
Still have remaining questions about Rehab loans? Give us a call! One of our mortgage specialists would be happy to answer all of your questions.