 Why buy a home using a FHA 203(k) renovation loan with Kurt and Sheila's assistance?
1. The homes that have the deepest discounts are the ones that need repairs. Most buyers look for a move in ready home and as a result, they pay extra for this convenience. 2. Kurt and Sheila have built and managed the renovation of over 100 homes for their own investment. They have trusted contractors and can make recommendations to make the process smooth and easy. 3. There is less competition for homes that need repairs so there are more available on the market. 4. With a Streamlined (k) loan, you can include the repair money in one loan with FHA’s competitive rates. 5. You can customize the home to your wishes. Love the home but the kitchen needs updating? No problem. You can even get all new appliances. 6. Buying a fixer upper is not as hard as it sounds when you use trusted contractors to provide competitive bids to complete the work. When the work is completed, the lender pays for the work from the loan proceeds. We have trusted contractors for you to choose from or use your own (they must be licensed in fields that require it – Electricians, HVAC, plumbers). What is a FHA 203(k) renovation loan? The Streamlined (k) program is intended to facilitate uncomplicated rehabilitation and/or improvements to a home for which plans, consultants, engineers and/or architects are not required. The Streamlined (k) program includes the discretionary improvements and/or repairs shown below: · Repair/Replacement of roofs, gutters and downspouts · Repair/Replacement/upgrade of existing HVAC systems · Repair/Replacement/upgrade of plumbing and electrical systems · Repair/Replacement of flooring · Minor remodeling, such as kitchens, which does not involve structural repairs · Painting, both exterior and interior · Weatherization, including storm windows and doors, insulation, weather stripping, etc. · Purchase and installation of appliances, including free-standing ranges, refrigerators, washers/dryers, dishwashers and microwave ovens · Accessibility improvements for persons with disabilities · Lead-based paint stabilization or abatement of lead-based paint hazards · Repair/replace/add exterior decks, patios, porches · Basement finishing and remodeling, which does not involve structural repairs · Basement waterproofing · Window and door replacements and exterior wall re-siding · Septic system and/or well repair or replacement |