Have you heard of the 203 K program that will allow you to borrow up to $35,000 for property improvements?
Cash that you can use to improve your home after your purchase closes.
Some of the types of improvements that can be done using these funds are:
Repair or replacement of Roofs/Gutters/Downspouts
Repair/Replacement/Upgrade of heating, ventilation and AC
Repair/Replacement/Upgrade of Plumbing and Electrical
Repair/Replacement of Flooring
Exterior and interior Painting
Purchase and Installation of Applicances
Basement finishing and remodeling
These are just some examples!
The maximum loan amount (including a possible $35,000 for improvements) is $362,790 for single family homes, or FHA approved condos and townhomes.
3% downpayment
31/43 ratios apply
Can be used with down payment assistance programs
Less than perfect credit okay!
Sorry no investors allowed at this time!!
For more information, give me a call or send me an email and I can get you the full information on this program!