Posted by Robert M. Campbell on February 16, 2000 at 24:22:20:
How about getting a $25,000 FHA Title 1 loan.
You could structure it with a high interest rate to keep your costs to an ABSOLUTE MININUM.
Then, after you have completed most of the repairs, get a larger conventional loan to pay off the Title 1 loan and finish the project.
Your loan costs would be kept to a minimum.
Robert M. Campbell
Mortgage Broker / San Diego, CA