I want a fixer upper can I get money for that ?

203k Streamline Rehab Loan Use this program to buy the cash only offer house that needs repairs done prior to closing to have a mortgage or the out-dated house that is perfect just stuck in the 70’s Loan Criteria: FHA loan with 3.5% down payment based on total of acquisition cost and repairs Must use an FHA approved inspector to determine estimate of repair costs Can be used to make repairs and upgrades to property after closing Appraisal value based on completed project Up to $35,000 in repairs No structural repairs allowed Can include cosmetic upgrades Construction must be complete in less than 6 months Can include monthly payments in loan amount while waiting for completion of project Must use Class A or B contractor that is licensed and insured McClean Mortgage Kevin C. Warren Senior Loan Officer 757-237-4920 860 Greenbrier Cir Suite 200 Chesapeake, VA 23320