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As the real estate market begins to turn around slowly, investors are once again searching for good rehab and flip opportunities. Even in today's market, there are financing options available for these types of deals but the underwriting guidelines are more stringent. The first thing a lender will ask is how much experience the borrower has in renovating homes.

The economy is still tight, but the government has modified one mortage lending program (VA Loans) and created a new lending program, the 203k Rehab Loan to help home buyers to purchase property. Learn about the specifics of these two government sponsored mortgages in this informative piece.

Buying and restoring a historic home might be easier than you think. If you can qualify for a mortgage, you might be able to get financing for the restoration as well, under Section 203(k) of the National Housing Act (NHA). This legislation makes it easier for buyers to stay in the historic market of their choice, and find a home to suit their needs.

 
 
 

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