Help, We Want This Home, But it Needs a lot of Work!
Have you ever found the perfect dream home, (you thought) until you looked inside and saw the amount of work it needed? If so, don’t panic, there are options available for you to consider. First and foremost, consider an FHA 203 (b) loan program. With an FHA 203 (b), you can borrow the funds to purchase the home, plus, borrow monies to remodel and upgrade the property!
Yes, it can be a bit complicated, but in the long run it is a wonderful program to consider. Here’s a link to the HUD 203 (b) loan program with all of its details.