Steps to Financing a Sales4Rehab Property with the Rehab Loan Fund
Through collaboration with Home HeadQuarters, a CDFI Lender based in Syracuse, NY, the Chautauqua County Land Bank is very pleased to offer a new financing option to prospective purchasers who are looking to become owner-occupants of a Sales4Rehab property! This loan product was designed to assist purchasers with both the cost of acquisition and renovations for properties that do not qualify for traditional financing, and requires owner-occupancy of the property for the life of the loan. Purchasing and rehabilitating a vacant property can include unforeseen risks and challenges. It is important to have a realistic idea of needed repairs and associated costs to ensure a successful project.