VIRGINIA HOME BUYERS - WHAT UPGRADES CAN A HOME BUYER DO WITH AN FHA 203(k) LOAN?? You'd be surprised!!
FHA 203(k) loans are great for buying a fixer upper here in Welington Florida or around Palm Beach county. We happen to have a listing that needs an FHA 203 (k) loan if there needs to be financing on it.
Lenn goes through a list here of some of the many home improvements you can make with an FHA 203 (k) loan. $35,000 can go a long way to fix up your new home and make it just like you dreamed of having.
VIRGINIA HOME BUYERS - WHAT UPGRADES CAN A HOME BUYER DO WITH AN FHA 203(k) LOAN?? You'd be surprised!!
YOU HAVE FOUND THE PERFECT HOME. Great location, good condition throughout, wonderful community, close to shopping, in your child's school district and you would love to buy it. . .
BUT. . . The house is 40 years old and had the original kitchen. You know that you'd love to buy the home but you also know that with down payment and closing costs, you won't have money left to replace the kitchen. Of course you could always put the new kitchen on your credit cards, or can you. The cost of a completely new kitchen with the features you want would cost about $35,000 and your credit limit is $12,500 @13.5%. OUCH! By financing your beautiful new kitchen in your home loan, your interest rate today would be 5.5%.
THINK FHA 203(k) FINANCING.
JUST LOOK AT THE IMPROVEMENTS YOU CAN MAKE TO AN OLD KITCHEN.New Flooring
New Stainless Steel Appliances
New Cabinets
Change Oven Range to Cook Top and Wall Oven.
Add under cabinets Lighting.
The above improvements would also include new electric wiring, new plumbing, new sub-flooring, paint and just about anything needed to install a "STATE OF THE ART" Kitchen.The ADDED BENEFIT of upgrading the kitchen with an FHA 203(k) Mortgage Loan is that you'll be rewarded with an appraisal that will probably increase the value of your newly purchased home with the upgraded kitchen of more than the cost of the kitchen.
Contact us for more information about the FHA 203(k) REHABILITATION LOAN. You'll be amazed at the flexilility of the FHA 203(k) rehab loan.
We can help.
Serving home buyers in Maryland and Northern Virginia.
MD: Prince George's County, Montgomery County, Frederick County.
VA: Loudoun County, Fairfax County, Prince William County, Arlington, Alexandria.Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988.
SEARCH HOMES FOR SALE IN MARYLAND AND NORTHERN VIRGINIA HERE.
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