Home You Are Purchasing Needs Repair- Ask About a 203K Loan

Are you purchasing a home that needs repairs?

You may be able to get a 203k Loan that will help you finance from $5,000 to $25,000 for repairs. These repairs can not be structural repairs. Once the loan is approved and closed, the contractor will have up to six months to complete the necessary repairs. Talk to your lender to see if the home you are thinking about purchasing will qualify for this loan.

Not all lenders are able to do a 203k loan.

Do you need a lender? I can recommend a few for you to interview.

Happy House Hunting!

Pam McCoy, Realtor(r)

Leave a Reply

Your email address will not be published. Required fields are marked *