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What types of loans are available to fix up a house?

April 26, 2017Fix House Loans types

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What types of loans are available to fix up a house?

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The NJ HMFA has two repair loans. The Refinance Rehabilitation loan lets homeowners refinance an existing mortgage and make substantial repairs as long as more than 25% of the loan proceeds are used for repairs. The other repair loan product is the Home Plus loan which funds a home purchase and up to $15,000 in repairs all in one mortgage loan.