thinking of buying a fixer upper use a 203 k to help upgrade & renovate
TRANSCRIPT
BUYING A FIXERUPPER?
THINKING OF
Use a 203K loan to Help Upgrade & Renovate
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If you can’t afford ahouse that’sconsidered “move-inready” or you wouldjust rather buy a homethat needs a little TLCand you like doing thework yourself, you’regoing to need a loanthat provides you withthe funds to do justthat.
BLOWNMORTGAGE.COM LENDER HOTLINE: 888-581-5008
203K Rehab Loan
The 203K loan is an amazingway to finance a home and getfunds for renovating. The 203Kloan offers financing options forboth funding a house as well asfunding renovating projects.
BLOWNMORTGAGE.COM LENDER HOTLINE: 888-581-5008
Calculating Renovationand Upgrade Costs
In order for a lender toprovide adequate funding,you will need to figure thecost of the renovations andupgrades before you applyfor the loan. This is usuallydone by a certifiedcontractor, whom you canfind through the lender.
BLOWNMORTGAGE.COM LENDER HOTLINE: 888-581-5008
ALLOWED UPGRADES ANDRENOVATIONS
• Structural Changes• Any change that eliminates any kind
of hazard• Plumbing upgrades• Roof repairs and replacements• Floor repairs and replacements• Any energy saving upgrades
BLOWNMORTGAGE.COM LENDER HOTLINE: 888-581-5008
The 203K loan program hashelped thousands ofAmericans and it can helpyou become a homeownertoo. Without having topurchase an expensivehome that would be toopricey the 203K loan is thebest way to get into ahome and upgrade it tomake it your own.
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B L O W N M O R T G A G E . C O ML E N D E R H O T L I N E : 8 8 8 - 5 8 1 - 5 0 0 8
C L I C K H E R E
T O L E A R N M O R E
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MORTGAGE COMMENTATOR
J u s t i n M c H o o d i s A m e r i c a sM o r t g a g e C o m m e n t a t o r a n d
h a s b e e n p r o v i d i n g M o r t g a g ec o m m e n t a r y f o r o v e r 1 0 y e a r s .
INFORMATION PROVIDED BY:Justin McHood
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