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Who is willing to finance foreclosed homes that I research and market? Financing. If your credit is good, you may find your bank is willing to loan the full price of the foreclosure – maybe more if extensive repairs are needed. Some lenders require a 10 percent down payment if the foreclosure is going to be used as a rental. You may also find you need to turn to a private lender to finance your REO property.
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Wintrust Mortgage can help you find your dream home, whether you’re a first time homebuyer, interested in refinancing, or just looking to buy something new.
How to negotiate new home price with home builder? Asked by New Home Buyer CA, Sacramento, CA Thu Jan 2, 2014. My husband and I live in the Sacramento area and are first time home buyers. We are looking to buy a new home by KB Homes. While we love the floor plans, the price point still seems just slightly out of our budget.
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