Renovation loans (rehab loans), are an option that can be viable, especially for singles with some liquid capital & time on their hands looking for a deal, although it’s important to look at the positives and the negatives and do things wisely.
Common Fixer Upper Loan Types
Positives
Negatives
Alternatives
Appraisal Requirements
Conventional vs FHA Borrowing Limits
DIY Projects
VA Reno Loans