Obtain up to 110 % off increased well worth

Obtain up to 110 % off increased well worth

There are many higher bargains now inside the foreclosed home however, they frequently aren’t throughout the better of figure. Fortunately, the newest FHA’s 203(k) system enables you to each other pick property and you may remedy it with a single home mortgage.

New FHA 203(k) home loan is perfect for fixer-uppers. You could potentially use up to 110 percent of your own questioned value of the house immediately after repair to cover both buy and you may renovations. Continue reading “Obtain up to 110 % off increased well worth”