Renovation Loans, the 203K
Buying a new home without the new home price.
What happens when you cross Extreme Makeover with House Hunters? You don't have to lift a hammer or a paint brush, but you get a beautiful new home just the way you want it.
You pick everything... granite, tile, paint colors and more!
Think "new construction" without the new home price.
A bank representative ensures the remodel is completed professionally and on budget. Only validated FHA contractors are used to complete the job to ensure high quality work and predictable outcomes.
The purchase price is competative or even better than other homes on the market, even those that have not been fixed up! While it is not as easy as simply walking into a remodeled home, it is much more affordable and far more satisfying. Your 203k Project Manager handles all the details from start to finish so that you do not have to.
Here is how it works
When you want to be able to pick out the cabinets, the granite, the tile, the hardwood floors and the paint colors... take a look at what the 203K renovation loan has to offer. You can have the feel of new construction at a fraction of the price! Not only that, most of the time you can buy your new home for thousands less than market value.
Too Good To Be True?
For many buyers, the homes on the market in their price range have been lived in hard. The homes that have been remodeled can cost $50,000 more and don't always appear to be the work of a professional. There are plenty of homes on the market, many that need a lot of work, but not many that are remodeled at the right price. The 203K renovation loan is the answer.
You pick the home, the more "lived in" the better, and we will make it feel like a new home. You pick the cabinets, countertops, tile, hardwood floors, light fixtures and paint and your newly remodeled home will be delivered to you in about 30 days after closing. The best part about this is that you don't have to pay the contractor. Everything is rolled right into your mortgage loan with only a 3.5% down payment. A representative from Wells Fargo works directly with our project manager to ensure the remodel goes smoothly as planned.
The end product is what feels like a brand new custom home for thousands of dollars below market value.
To find out if a renovation loan is right for you, contact Will Layton. It could be the first step towards living in the perfect home.
