What are the key items must be fixed on a home so it will qualify for a conventional mortgage?
Due to the house being in disrepair I am concerned about if it will appraise so as to meet conventional financing. I’m planning to tear it down anyway and build new, but want to qualify for a conventional loan before going for the construction loan. The value is in the land, but I dont want to buy it as land. Is there another loan type I am not thinking of that will simplify my purchase?