Turning a Fixer-upper into Your Dream Home with 203k Rehab Financing
Information Provided by Pablo Lopez of Century 21 Elite Realty
Servicing Clifton NJ, Paterson NJ, Passaic NJ and neighboring Cities.
Contact Pablo for more information on purchasing a fixer-upper and turn it in to your dream home>>>
You can turn that fixer-upper into your dream home with the FHA 203K Rehab mortgage. Looked at a few listings that thought that they could work for you just to walkout disappointed at the end of the tour? Loved the floor plan, the room sizes but the kitchen did not meet your expectations or the wood floors were warned and in need of some TLC? Whatever the case might be in most cases that fixer-upper can be turned in to your dream home.
With the FHA 203K it is possible to finance the purchase of your new home and finance the upgrades all in one mortgage loan. Here's a few of the things that are possible with this type of mortgage financing and help you turn that poorly maintained house in to your dream home before you move-in:
- Fiance the Purchase of your home with as little as 3.50% Down payment;
- Include up-to $35,000 of upgrades and/or repairs in to one single mortgage loan;
- Have all repairs and upgrades done before you move-in;
- Include mortgage payments in to your loan to cover the rehab period;
- Low out-of pocket investment by financing the rehab cost;
- Enjoy a greater opportunities and great deal for the right home;
- Chose from a broad selection of homes;
Here's a few items that can be included in to your 203k rehab mortgage loan:
- Upgrade Kitchen Cabinets;
- Upgrade kitchen appliances;
- Upgrade kitchen floors;
- Refinish wood floors;
- Replace Windows and storm doors;
- Replace Roof;
- Upgrade Bathrooms and fixtures;
- Interior Painting;
- Upgrade to energy efficient heating and A/C.
There's much more that you can accomplish with the 203K mortgage loan, contact me today to find-out more.