Home Improvement Loans Rolled into your Purchase Loan

I attended an interesting seminar presented by Wells Fargo, Lowe's and Rebuild America about FHA loans with the a repair/remodel loan rolled in. FHA loans are limited to $729k in high price areas like Ruby Hill. Repairs up to $35K can be rolled in if certain requirements are met. For conventional loans this amount is much higher. This is definitely worth looking into for buyers who don't want to tie up their own money for repairs.