No matter what stage of life you’re in, there’s usually a neighborhood you’ve got your eye on.
One that’s a bit too expensive for you right now, but you’d love to live there.
Except here’s the thing, there IS a way you can possibly get into that neighborhood TODAY, without waiting, using a 203k home renovation loan!
A Less Than Perfect Property Might Be Perfect For You
203k Loans allow you to purchase a home that needs renovations without having to get a construction loan or line up two closings.
Your loan will include the cost of the renovations, allowing you to close once, keep the money for repairs in an escrow account, and get the repairs done when you’re ready.
It’s really that easy.
Build Home Equity the Smart Way
The nice thing about purchasing a home that needs a few repairs is that you generally get into a neighborhood under the market value.
Once your repairs are made, you generally see an increase in your home’s value which exceeds the value of the repairs that were made.
It’s the smart way to get into a neighborhood you love without having to pay top dollar!
Program Details:
- One time closing
- Competitive, fixed rates available
- Put as little as 3-5% down (programs vary)
- FHA & Conventional Program Guidelines
- Available for primary residence, 1-4 units, 2nd home and investment property
Find Out More
If the idea of customizing your home in the neighborhood you really want to live in appeals to you, get in touch with us today to find out how the program works and what you may qualify for.