I have found a home that I can purchase for $45,000, this is $70,000 under appraised value. My mid score is 590 but thanks to the forums I believe it will reach 620+ in a couple of weeks. I will need to put another $30,000 into the home to for some cosemtic repairs. I had thought that I would get a loan for the purchase amount then either do a HELOC of HEL for the $30,000. Any advise on which I should do with my score and how long I need to wait to apply for the loan?
