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Buying a Historic Home? What to Know Before Buying and How to Preserve it

Redfin

Depending on where the home is located, there may be fewer available lenders or they may charge higher interest rates for the loan. Additionally, if you plan to get a VA loan or FHA loan , historic homes may not qualify if they require extensive repairs.

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How to Buy a House in 15 Steps: The Ultimate Guide

Redfin

These loans are typically issued for more expensive homes and come with stricter qualification requirements. FHA loan: These loans are backed by the Federal Housing Authority (FHA) and primarily help low-to-moderate-income borrowers who are less likely to qualify for conventional loans. on your close date.