Many of you may have heard about the FHA 203k Renovation Loan, but few have actually decided to dive in with both feet.

NOW - is the time to start implementing the 203k Rehab Loan, in your purchase proposals. When you are writing offers, I suggest you make the offer contingent upon your buyer being approved for a 203(k) Rehab Loan.

Are you a Selling Agent… It also works great for all those REOs.

How about all the Bank Owned properties, that have been left damaged, by the disgruntled previous owner or have been broken into and vandalized, that have whole kitchens missing, holes in the walls, where someone has stolen all the copper piping?

Are you a Listing Agent… You have a listing that needs improvements AND the Sellers can’t afford to, or those who just won’t, invest in making those improvements. This causes the listing to sit for possibly months, is the cause for the property not showing very well and you’re probably not seeing acceptable offers. Most Buyers aren’t willing, or are unable, to invest money from their savings, to improve the property after closing.

Solution:

With an FHA 203k Rehab/Renovation loan, the Buyers can now roll the costs of those improvements into their offer & have them financed…requiring ONLY the 3% minimum FHA down-payment!!

IT GETS BETTER! Have a Buyer who doesn’t have the 3% down-payment? IT CAN BE GIFTED…essentially allowing the Buyer to enter & close without investment on their part!!

Now…here’s an even better point…the loan closes (and you get PAID!) PRIOR to the improvements being complete! Would you agree that this opens a world of possibilities for your Buyers & Listings now?

This is all accomplished with an FHA 203(k) Rehab loan… with One Loan, One Appraisal and One Monthly Payment!

There’s never been a better time for you to prove your value and market awareness to your clients. If you need help understanding the process, feel free to email or call, with any questions or to discuss any scenario and I’ll walk you through the process.

Don’t let it be intimidating – spend a few hours in research & development and your clients will think you’re a genius.

Call me today, to discuss the possibilites – Tom Andros 909 913-3304