https://ficoforums.myfico.com/t5/Mortgage-Loans/Money-from-loan/m-p/195932#M10818 <DIV>Hello, quick question. Can you get money from your home loan to fix your new place? meaning if you get approve for a 110k loan and your place cost 80k, will you be able to ask the bank for 10k from the rest of the loan money to fix the house?</DIV> Sun, 30 Mar 2008 21:10:52 GMT Anonymous 2008-03-30T21:10:52Z https://ficoforums.myfico.com/t5/Mortgage-Loans/Money-from-loan/m-p/195932#M10818 <DIV>Hello, quick question. Can you get money from your home loan to fix your new place? meaning if you get approve for a 110k loan and your place cost 80k, will you be able to ask the bank for 10k from the rest of the loan money to fix the house?</DIV> Sun, 30 Mar 2008 21:10:52 GMT https://ficoforums.myfico.com/t5/Mortgage-Loans/Money-from-loan/m-p/195932#M10818 Anonymous 2008-03-30T21:10:52Z https://ficoforums.myfico.com/t5/Mortgage-Loans/Money-from-loan/m-p/195969#M10819 Generally speaking, the lender will lend on the LOWER of cost or appraisal. That said, there are some gov't programs that will offer some seconds for repairs and such. Ask your broker about them. Sun, 30 Mar 2008 22:08:35 GMT https://ficoforums.myfico.com/t5/Mortgage-Loans/Money-from-loan/m-p/195969#M10819 Junejer 2008-03-30T22:08:35Z https://ficoforums.myfico.com/t5/Mortgage-Loans/Money-from-loan/m-p/203230#M11407 <DIV>FHA offers a 203k loan program that is used to purchase the property + finance repairs as well.</DIV> Sun, 06 Apr 2008 19:30:34 GMT https://ficoforums.myfico.com/t5/Mortgage-Loans/Money-from-loan/m-p/203230#M11407 ShanetheMortgageMan 2008-04-06T19:30:34Z