If you know what that title means, then maybe you can help me. Have any of you ever gotten one of these rehabilitation/home purchase loans? Was it a good experience? A lot of red tape? A lot of government folks looking over your shoulder to see how the rehab was going? High interest rates/points? Is there a max amount they will loan you? I'm still trying to figure out how to finance this property I keep talking about. I can't get a regular residential loan, because the house is currently uninhabitable and maybe structurally unsound. I can't get a land loan unless I demolish all the buildings on it before closing. I can't get a construction loan unless I already have a contractor and building plans and all of that, which I don't want to deal with right now. I can't get a home equity loan, because I don't own another house already. I just found out about these 203(k) renovation loans, and it may be just what I need, as long as the sale could close before this guy loses his house to the bank (he's already behind on his mortgage payments, and he doesn't have the money to pay). I'm going to make some calls to lenders on this tomorrow AM, but I was hoping to hear first-hand personal accounts about it, if there are any. Ugh, why can't anything be simple...? :shrug: Thanks!