203k Loan: You Don't Have to Rule Out the Fixer-Upper
It's definitely not unusual for potential homebuyers to scratch a great fixer-upper off their list because the project costs seem so daunting.
On the other hand, many homeowners who buy a historic home are eventually overwhelmed by the rising volume and cost of repairs.
These folks should realize there's a great way around the money pit! It's the FHA 203k renovation loan program, which puts home renovation within reach for many buyers and homeowners.
Dennis and Teresa Walsh – 203k experts and friends of RE/MAX – have a new book, cleverly titled "Real Estate's Best Kept Secret," that serves as a handbook for hopeful buyers and homeowners who want to take advantage of the government-insured rehab loan option.
The 203k loan isn't supposed to be a secret, so find a local RE/MAX agent and ask how you can turn a fixer-upper into your dream home through this great program.