Hello we bought our first home in 2010 at $ 27,900. We put $ 1,500 down at 6% interest for 8 years. We have been paying on the house for 3 years now and owe approx. $ 15,000 on it now.
The home is in rough shape and needs a good $ 10,000 or more in improvements. Is it possible to get an FHA loan to pay the land contract off and get extra money for repairs?