Renovation Loans
Tuesday, January 26, 2010 Add a comment
The 203K fix up loan is back…we use to do these loans about 10 years ago and they seem to be popular again now that we have so many foreclosures that need work. A buyer (owner occupied) can get into a house with three and half percent down and add into the loan the cost to fix it up. Your loan amount is based on the increased value of the home after improvements are made. What a great way to get into a fixer upper and have the house look brand new before you move in. If your interested in finding more about this process give me a call.
