Sometimes you really like the house but it just needs a little TLC. It might be right where you want to live but the house just isn’t up to snuff.
Maybe the house needs a new roof, or some foundation work, or just new paint and carpet.
Over the years I have done several of these transactions. They entail more work and more time but sometimes it’s really the only way to go.
This little yellow ranch style home is ideal for this loan. 
It needs some work on the logs above the foundation but I don’t know where you can find a house like this for $115,000. Especially in the great location it has.
As far as I know there is only one loan officer in the Wasilla/Palmer area that specializes in these types of loans. That would be:
- Jo Oxentenko
- Wells Fargo Home Mortgage
- 907 227–2362 (cell phone)
- or send her an email
If there are others that specialize in these loans use the comment section and I will add you to the list.
By The Way…the house in the top photo is NOT a candidate for this loan. It has a date with a bulldozer.
June 29th, 2007 at 5:07 pm
The ranch is very charming. I really like how the attached garage sits.
July 1st, 2007 at 11:41 am
Good post on a loan type of which many people are probably not aware.
August 18th, 2007 at 10:45 pm
[…] I recently discovered from Jo Oxentenko that the rehab loans work for investors as well. I thought these loans were only available to people that were going to occupy the home themselves but she informed me that investors can use them as well. […]