Friday, July 21, 2017

FHA 203K LOAN FOR REHABILITATION AND REPAIRS

You found that perfect house.. Location ☑... Price ☑... Purchase or Refinance ..? and with some vision and inspiration it can become the home you dreamed of. With 3.5% down or your existing equity you can;

  • Remodel the Kitchen and Bath
  • Add a; Bath, 2nd Floor, Family Room
  • Heating and Air Conditioning
  • Finish & Waterproof Basement
  • Some Landscaping
  • General Repairs
  • New Roof
  • New Windows
  • New Doors
  • Siding
  • Make Energy Efficient

This is how you turn that distressed property into a healthy, safe, fully functional modern home you can be proud of !

 

FHA 203k Loan The FHA offers a federally insured loan designed to enable prospective home buyers or current homeowners the opportunity to finance the purchase and/or refinance of their current home including the cost of its repair and upgrades through an individual mortgage. When purchasing a home that needs some repair or modification, home buyers typically have to follow a complex and often prohibitively costly process. The typical loan types available for this purpose usually have high interest rates, balloon payments, and short payment terms. That's why the FHA 203k loan may be a perfect alternative for borrowers who are interested in repairing or renovating their homes. This type of loan is insured by the federal government, requires only one closing, and incorporates the cost of repairs or renovations into the loan amount. You can find some great deals on properties sold as in today's market so the FHA 203(k) Renovation Loan may be just the loan you need.

 

 

Go Ahead, leave your contact information here. Your information is safe with us and will not be sold or distributed. The knowledgeable staff of Harlequin Capital Corp will be the only advocates providing you with your requested information
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