Are you frustrated to find a home you love only to find you cannot get financing for that home? Didi you find a home that fits your size and location needs but you don’t have the extra funds to renovate the home to your liking? An FHA203K loan could be the answer for you!
This is an excellent way to purchase a home if it needs renovation and/or repairs. This loan will enable you to finance the repairs/renovations that you need and/or want completed. It will take approximately 60 days to settle on a home when choosing this type of financing, however it does open up more homes to buyers that otherwise would not be able to consider certain homes.
Important steps to take when purchasing a home with FHA203K financing include finding a mortgage lender that is experienced with these loans as well as a Realtor that is experienced. There are many ins and outs with this loan and your road will be smoother if the experts you choose are experienced.
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This type of financing can help you renovate a kitchen, bath or any area of the home. If there is a home that you love and the seller will not accept FHA financing due to the appraisal required repairs or it does not qualify for FHA financing, this is the loan for you.
For more information on FHA203K loans and key information you need to know, send an email to Sellinghomesjenn@aol.com.
