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You should not go broke buying a home. In fact, the best home loan should not put you in the poor house. The best home loan should also help you afford more than a shack.
*UPDATE: This article originally focused on the HomePath Renovation loan. That program was discontinued in October 2014. However, other renovation mortgage options do exist - like FHA 203k and HomeStyle Renovation! I was watching TV over the weekend, and saw a promo for a couple of Mike Holmes shows on DIY-network. It got me thinking: a lot of folks love do-it-your-self work. While home improvement loans don't promote DIY work necessarily, it's not out of the question. The FHA 203k is less forgiving, but HomePath Renovation lays out specific guidelines for just this occasion. Let's look at 5 do-it-yourself repairs you can do under the HomePath Renovation mortgage. Download our Ultimate Guide to Home Improvement Loans and learn more about all your renovation options.