Finding the Right Financing Options for Your Fixer-Upper



Buying a fixer-upper can be an exciting and rewarding investment‚ but it can also come with its fair share of challenges.​ One of the main hurdles that potential buyers face is finding the right financing options to make their dream of owning a fixer-upper a reality.​ Fortunately‚ there are several financing solutions available that can help you turn a run-down property into your dream home.​ In this article‚ we will explore some of the popular fixer-upper financing options and how to make them work for you.

1.​ Traditional Home Loan with Renovation Escrow

One of the most common financing options for fixer-uppers is a traditional home loan that includes a renovation escrow.​ This type of loan allows you to combine the purchase price of the property with the funds needed for renovations.​ The lender will set aside the renovation funds in an escrow account‚ which will be released in predetermined increments as the renovation work progresses.​

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