I wanted to share some information with you about 203K loans, which are a type of mortgage that allows homebuyers to finance both the purchase and renovation of a property with a single loan. Some benefits of this type of loan include:
- The ability to purchase and renovate a property with one loan, which can save you time and money on closing costs.
- The ability to finance both the purchase price and the cost of renovations, which can help you make your dream home a reality.
- The potential for increased property value, which can help you build equity in your home.
A kitchen remodel as shown below is one of the many renovations that can be covered with a 203K/renovation loan.
If you’re interested in learning more about 203K loans contact me so we can discuss the steps to begin getting you into your dream home!