Sometimes finding the right home can be a little difficult, especially in a competitive seller’s market. But just when you find the right home it needs an updated kitchen, bathroom, and a new roof, but you do not have the cash to do the repairs out of pocket.
If qualified the FHA 203K or Fannie Mae HomeStyle is perfect for this scenario. These programs allow you to purchase the home in its as is condition and provide additional funds to renovate, all with one single mortgage. Consult with one of our mortgage representatives to see if you qualify or to learn more about these products.