Palm Beach Gardens, Florida Home - FHA 203K Renovation Loan - one of the many homes that can benefit!

Are you familiar with the FHA 203K Renovation Loan?  If not, you are going to be pleasantly surprised.  This mortgage program allows the buyer to role the cost of the renovations into the loan. You can actually finance the home on 110% of after improved value.  The interest rate is only slightly higher and only a small amount of money down is needed.  What this means to you is that you can purchase a home at a bargain price in a more expensive area than you would be able to otherwise.  Improvements made will not only increase the market value of the home but will also be completed with your taste just the way you want it. 

Many Americans are anxious to buy a fixer-upper no matter what condition it is in.  Be smart and look for that diamond in the rough!  This Palm Beach Gardens, Florida Home would be the perfect fit for those who only want to small projects but for those who want to take on major renovations the FHA 203K Renovation Loan can cover those as well.  Almost any kind of repair or improvement can be financed as part of a renovation loan.  Some minimum standards a property must meet are structural soundness, safe water supply, proper sanitation, no lead-based paint, acceptable interior air quality, and working smoke detectors.

This Palm Beach Gardens, Florida Home is perfect for the FHA 203K Renovation Loan.  It only needs ceiling replacement/repair, electrical upgrades, and minor cosmetic work.  Some would choose to open up the kitchen to the living room and upgrade the bathrooms but what ever you choose to do the FHA 203K Renovation Loan will allow you to do it. 

To see this Palm Beach Gardens, Florida Home and what renovations are needed click on the video below for a comprehensive walk through.

For more information regarding the FHA 203K Renovation Loan contact Maribeth at 561-262-0898

CLICK ON HOUSE IS YOU WOULD LIKE A WEEKLY LIST OF FIXER UPPERS OR IF YOU WOULD LIKE INFORMATION ABOUT FINANCING FIXER UPPERS

Maribeth Cantwell

Illustrated Properties

REO Specialist, 203K Specialist, Residential Investment Specialist

203K Specialist Member of REbuild USA

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2 Comments on Palm Beach Gardens, Florida Home - FHA 203K Renovation Loan

JAN
17
2011
173,543 Points

Maribeth,

Just closed a 203k loan for the ugliest house in the best neighborhood.  All of the neighbors are thrilled with what the new buyer has done for their property values with this loan.  Thanks for sharing.

Nicole
1:29pm • #1

Maribeth..Great post and great reminder that 203k loans are a fabulous tool for homes that need a little sprucing up!!
9:14pm • #2


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Maribeth Cantwell

Jupiter, FL

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Illustrated Properties

Address: 5500 Military Trail Ste 42 Jupiter, Fl 33458, Jupiter, Fl, 33458

Cell Phone: (561) 262-0898

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