If you’re in the market for a fixer-upper, the best way to fund the purchase and renovation of your new home is an FHA 203k loan, also known as an FHA Construction Loan. It’s a popular choice with plenty of benefits, such as:
• FHA 203k loans are perfect for homes that need repair. You don’t have to spend so much upfront for repairs since financing already includes the funds for construction.
• Savings. A rehab loan helps you keep your savings while providing the funds to finance the rehabilitation.
• Low interest. FHA loans are popular because they have low-interest rates --frequently lower than what non-government-backed loans can offer.
• Enjoy great deals. Rehab loans allow buyers to purchase homes at a lower price.
• Customization. With an FHA 203k loan, you can upgrade your home the way you want it.
Mark Crunk | NMLS #2267612 | Barrett Financial Group, L.L.C. | NMLS #181106 | 275 E Rivulon Blvd, Suite 200, Gilbert, AZ
85297 | AK AK181106 | CO | MO | NC B-203722 | Equal Housing Opportunity | This is not a commitment to lend. All loans are
subject to credit approval. | nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/181106
