Tired of shopping around for a new home only to never find what you want? Wishing the bathroom were different, kitchen had different cabinets, all the houses have bad carpet... etc.
Call me TODAY at (801) 901-8490 to find out how to take advantage of this government HUD program!
FHA's 203k loan program gives borrowers up to $35,000 to remodel a house to be just what they want BEFORE they purchase the home.
Key Features:
3.5% down payment, House must be 1 year old
Single Family, Duplex, 4-Plex all OK
FHA aproved condo's OK
Possible repairs include:
- Disability access
- Heating, ventilation and air conditioning
- Plumbing
- Roofing and flooring
- Energy conservation
- Kitchen remodeling
- New appliances
- Room additions
- Decks and patios
- Bathroom remodeling
- Room additions or second-story additions
- New siding
- Finishing an attic or basement
- Site grading
Convert a one family dwelling to a two-, three-, or four-family dwelling (or vice versa)
Move an existing house onto another site.
Attach a detached garage or another dwelling be placed on the mortgaged property
Work must begin within 30 days and take no longer than 6 months to complete.
Up to 5 draw releases can be scheduled during the rehabilitation period
Approved contractors only
Adjustable Rate Mortgage OK
Up to 6 months mortgage payments (PITI) can be included in the mortgage if not occupied during rehabilitation
Borrower MAY be able to do some of the work. Conditions apply.
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