As you know, getting every client into the perfect home isn’t easy. Sometimes, it’s downright impossible without a little compromise. If they aren’t willing to compromise on location, budget, or home size, a home renovation loan could be a good fit.
Watch this success story
Using the FHA 203k Home Renovation Loan, this buyer in North Benton, Ohio was able to completely renovate the home’s basement, bathrooms, kitchen, garage, AND add in a new deck. They purchased the house for $115,000 and had a budget of $85,000 in renovations. The home recently appraised at $232,500 – giving the buyers $32,500 in equity!
*Not intended as real estate, accounting or investment advice. Contact your financial representative for more information.
Using the FHA 203k Home Renovation Loan, this buyer in Canfield, Ohio was able to completely renovate the home’s exterior, kitchen, laundry room, bathroom, and other rooms in the home. They purchased the house for $155,000 and had a renovation budget of $49,700 for a total cost of $204,700. The county has the property currently assessed for $254,770, which is a difference of $50,070!
*Not intended as real estate, accounting or investment advice. Contact your financial representative for more information.
Using the FHA 203k Home Renovation Loan, this buyer in Boardman, Ohio was able to completely renovate the exterior of the home, the kitchen, the bathroom, and other rooms in the home, for a total cost (cost of home plus renovations) of $72,000.
*Not intended as real estate, accounting or investment advice. Contact your financial representative for more information.
Using the FHA 203k Home Renovation Loan, this buyer in North Jackson, Ohio was able to completely renovate the kitchen and other rooms in the home, as well as immediately build over $30,000 in home equity.
*Not intended as real estate, accounting or investment advice. Contact your financial representative for more information.
Lauren DeSantis
Hi, I’m Lauren.
John DeSantis
And I’m John. And welcome to our newly renovated home. Continue reading
