"AS IS" Properties can sell using a FHA203K Loan

Real Estate Agent with NextHome Mountain Realty

It seems that is our "buyers market" the AS IS property is becoming tougher and tougher to sell.

Many buyers and even some agents are unaware of the FHA203K mortgage. This mortgage (when one qualifies) allows remodel costs to be added into the loan. One loan. One closing.

It's a terrific opportunity both for the seller who needs to sell and cannot "fix up" his "fixer upper) before a sale and for the buyer who is able to make an offer he can afford while still having the cash to set the home "aright."


Have you or your clients been successful loing for and using a FHA203K loan? Love to hear about the experiences.

Perfect example of a home that would be amazing again with a fix up, yet this buyer in this price point HERE (as all real estate is relative in value to location) rarely can afford to lay out remodel cash.

Fixer Upper in Boone, NC

Liberty Hill Home, 3 Miles from Boone NC


Comments (2)

Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

Having a good 203K lender in your pocket is a very valuable tool !

Apr 21, 2015 11:53 PM
Judy & Allan Wagner
NextHome Mountain Realty - Boone, NC
We Promise Clients Our Best & We Keep Our Promises

Amazing Sally & David. You are so right. Why so many are unaware of this confuses me.

Thanks for commenting. Have the best of days. Judy

Apr 22, 2015 01:50 AM