I am pleased to announce that I am now able to do FHA Streamline 203k rehab loans!
What does this mean to you, the homebuyer?
With the wealth of Foreclosed homes, (or about to be foreclosed!) on the market, buyers are often able to purchase homes at very reduced, under market price. Problems often arise though, in that many of these homes have been neglected or abused by their previous owners during the process. These homes often need repairs, which in turn require cash, to be considered in “livable” condition, a requirement for any loan.
With the FHA Steamline Rehabilitation loan, you, the homebuyer can do up to $35,000.00 in repairs while having the costs rolled into your 30 year mortgage! They do not just have to be repairs required by the Lender either. They could include new appliances, granite counter tops, new flooring, kitchen cabinets, etc. In other words, you can turn that “Ugly Duckling” that just needs a little cosmetic loving care, into the home of your dreams!
Please call me to schedule an appointment to find out more details!
Have a great week!
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