looking to find a mortgage that will allow a missing hot water heater stove and dishwasher, bank owned property "as-is"

we have programs that will work with this, but depends on all the details

Call me 732-501-9564. Put money in escrow and get it back after you complete the work

Your two main program options are an FHA 203 rehab loan, or a FannieMae HomeStyle renovation loan. Stove and dishwasher we don't care about, but the hot water heater is a different story. A lot of hassle with the rehab loans if just really the hot water heater. Plenty of "as-is" bank owned homes would put in a water heater. For this situation in MN, WI, and SD, visit my rehab information at JoeMetzler.com/203k

There are no "Conforming" loan programs (FHA, VA, USDA, Conventional) that will allow for this. All conforming loan products have minimum property condition standards, specifically, the property must be habitable with no safety or health concerns. Not having a water heater is a big deal, so your only option is hard money.. you will need at the very least 30% down and expect rates and fee's to be much higher.. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

Additionally, FHA and Conventional financing have "Rehabilitation Loan" options.. however, it's been my experience that the bank manager who oversee's the bank owned properties, typically will not accept these rehab type loans.. they take too long to close.. so the bank will typically look at the cash buyers first, even if the offer is substantially lower.. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893