Help For Seminole County Buyers... You Can Purchase That Less Than Perfect Home!
The volume of short sales and foreclsoures that are for sale in Lake Mary, Heathrow and all of Seminole County really make the "Remodel Express" Home Loan from Wells Fargo one of the only opportunities for FHA buyers to purchase a home that needs repairs.
Please keep reading to learn more...
These days the majority of first time home buyers are using FHA Financing to purchase their Seminole County homes. In the past, using FHA financing has meant that some homes that a buyer might have wanted to purchase did not qualify do to the condition of the property.
Conditions such as:
- The age of the roof
- Missing or broken HVAC systems
- Missing Flooring
- Missing Appliances
- Plumbing and Electrical Problems
These conditions have eliminated many short sales and foreclosures from consideration because often these homes are in less than ideal condition. Now, with a Wells Fargo "Remodel Express" home loan a buyer can purchase a Seminole County short sale or foreclosure property and include the remodel costs in the loan...
This is how it works:
- $35,000 Maximum Repair Limit (Non-Structural)
- Improvements are considered complete for the appraisal value
- All work performed by a National Home Improvement Company (Lowes, Home Depot or Sears)
- Owner Occupied Properties Only
- One application one approval, one closing, one monthly payment
This winning combination equals an opportunity for a home buyer to purchase a home that needs a little work and make the improvements that they want after closing. From replacing the roof to installing new flooring, the Remodel Express will have it covered.
Please contact me for more information and a list of Seminole County Foreclosures that qualify for the Remodel Express home loan program.
Lake Mary, Orlando & Central Florida Real Estate
Licensed Real Estate Professional, ALHS, e-PRO
407.758.1020 or Debbie@CasAndDebbie.com
Comments(0)