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I want to know if I can do a $200K loan with construction financing as well for adding a deck

should i go construction to permanent for this? I'd be building on an existing property so im not sure if that's my best best. my credit score is 713 and i have 33K to put down. id like some advice where the building is concerned.
By mattcraters79y642921 from PA Jun 3rd 2014
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An FHA 203k renovation loan may be a better option for you as it will allow you to use the value after improvements which can allow you more funds for your renovation. 203k is one loan and could be a more flexible option. You can reach out to Annie Mac Home Mortgage at 484 754 3424 to see if this type of renovation loan would be a good fit for this transaction.

Jun 4th 2014

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With $33k to work with, I think that the Fannie Mae Homestyle is the best option. Think of it as a 203k with much lower mortgage insurance costs. Please call me at 610-308-9001 and we can review your options.Ed Fallon NMLS#144708

Jun 4th 2014


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