Service Areas
About Anthony & Alex Gulley
Community Involvement
HOBBIES/INTEREST
Specialties
- Buyers
- Sellers
- Residential Property
Buyer's Agent, Listing Agent, Investor
Awards
-
2026
TOP AGENT
Burleson, TX
2026
TOP AGENT
Godley, TX
2026
TOP AGENT
Alvarado, TX
Answered Questions
I think if you're considering a fixer-upper, you need to consider what type of loan you have. I think a cosmetic remodel such as paint, flooring, and minor repairs would be okay. Conventional financing or small bank type financing gives you the most flexibility. I like fixer uppers but it does come with risk and sweat equity if funds. I bought my first home this way and renovated every room one by one over 5 years. Now we have over $100,000 in instant equity.
I would check with your favorite lender on this one. But you are exactly right PMI stays with a FHA loan for the life of the loan. Conventional financing gives you the most flexibility. Also keep in mind you can always refinance out of a fha loan down the road. FHA often offers the best interest rate and lower payments.
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