Rehab is NOT for Quitters!

By
Mortgage and Lending with Weststar Pacific Mortgage NMLS # 103092

Cupboard doors Olympia, Washington is a beautiful place to live! If you can FIND a place to live, that is. Buildable land is in short supply and newly constructed homes are spacious, gorgeous and situated on postage stamp lots.  Outdoor living does not always come with your new home, and if your dream is like mine, you might want some outdoor living out your back door!

My husband and I decided to buy a sweet little one owner 1958 rambler on a well appointed .25 acre city lot for affordability sake.   We've got alot of space between our back door and the neighbors backdoor that lives directly behind us.  Garden space, wood shop, lawn and patio. We love it.  We do NOT love the blue sink, swirly gold laminte with glitter specks nor do we enjoy stripping the 2 layers of paint off the original custom solid wood birch cabinets but we are working on a plan to end it all and rehab our mortgage loan and update our kitchen and bath at the same time.

 

FHA offers a 203K rehab purchase OR refinance loan up to $35,000  available  for upgrades, the key is a good lender / contractor relationship and a quick jump on the contractor bid.  Once you've got your bid, it's smooth sailing  with equity  to boot! 

Posted by

 

Andrea McGhee NMLS 103092 | Weststar Pacific Mortgage | Residential Mortgage Loan Originator

 

 

 

P: 360-915-9609 | C: 360-451-2358 | F: 360-915-9121 |amcghee@weststarpacific.com

 

 

 

Weststar Pacific Mortgage  NMLS # 890295

 

Weststar Mortgage Corp NMLS #93243

 

2620 RW Johnson Blvd SW #104

 

Tumwater WA 98512   

 

 

 

APPLY FOR  A LOAN  @  www.loansbyandreamcghee.com  

 

 

 

 

 

Comments (4)

Roy Kelley
Realty Group Referrals - Gaithersburg, MD

The FHA 203(k) program is ideal for the purchase of a residence needing renovation.

Apr 23, 2015 12:49 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Suggestion: Use your blog settings to create an automatic signature for your blogs. Readers want to see your contact information and your office address. Be sure to include the information required by your state.

Apr 23, 2015 12:49 AM
Trumps Elite
Keller Williams Realty Acadiana - Lafayette, LA
Realtors/Career Consultant

Thanks for sharing! Great information! Welcome to Active Rain! Look forward to  reading more in the future.

Apr 23, 2015 03:55 AM
Captain Wayne - Rowlett Real Estate School
Rowlett Real Estate School - Panama City, FL
Rowlett Real Estate School / Owner and Instructor

Hi Andrea McGhee, welcome to the Rain train! I'm glad you made the brave first steps into the blogging world with us! It's a great place to be and I hope to see many more posts from you in the future!

Apr 23, 2015 07:43 AM