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Daunted by high home prices and fierce competition for prime-condition houses? An FHA 203(k) Renovation Loan could be the answer for you. It provides a simple way to bundle a home’s selling price and the cost of renovations, repairs, and improvements in one single loan.
Buying a home that needs some love can be overwhelming. It can also be a smart investment. If you're thinking about buying a fixer-upper, you already know that it's going to take a little elbow grease to make it livable. You probably also know that these types of homes can often be snatched up at bargain prices and in neighborhoods where you want to live. And once it's yours, you can paint, remodel and refresh the property to make it your own. Gourmet kitchen, movie room, home office, party deck - the possibilities are endless.