Many first time buyers, have the fear of not having the finances to repair the perfect home. Many homes that buyers view in this current real estate market are either in a short sale status that is in need of repair. There is a loan called the FHA 203 (k) Rehab Loan. This loan program rolls the cost of home repairs into the amount of the mortgage loan. This helps the buyer free up cash needed to make repairs to a distressed property and allows assistance to the first time buyer in financially managing the cost of remodeling or the repair process.
Find out more about an FHA 203 (k) mortgage loan program here. If your a first time buyer, call us and talk to a professional licensed Real Estate Professional 360.354.4242
THE MULJAT GROUP NORTH | 505 Front Street | Lynden WA | muljatgroupnorth.com