Financing an REO purchase is different from a conventional real estate transaction. One benefit to you is that banks may be motivated to offer a lower interest rate to qualified buyers. However, financing typically needs to be obtained through a conventional loan rather than an FHA or VA loan.

The following is some helpful information to help you with financing of your purchase:

• "Don't be a victim of fraud" (PDF document)
• More Resources
• Stages to Buying a Home (PDF)

To learn more, contact us at info@memphisreo.com