I love to tell this great success story of clients of mine that took out an FHA 203K loan here in Asheville. They purchased a fixer upper for $130,000 and used the 203K loan to do $30,000 in repairs. When the repairs were complete, the home appraised for $220,000!! That's $60,000 in Equity right away! Incredible!
$160,000 of total investment on the home and now it's worth $220,000! If I only I had know about this program when I bought my first home!
Have questions about renovation loans? Call me!
$160,000 of total investment on the home and now it's worth $220,000! If I only I had know about this program when I bought my first home!
Have questions about renovation loans? Call me!