FHA 203k: Before and After
After looking at numerous homes and not finding “the one,” first-time homebuyers Nick and Veronica Getsy were all but resolved to settle on something that was nice…but not perfect. It’s easy to get discouraged when you feel that the market has essentially priced you out of buying your first home.
Our office showed them that they can take a house they like, and turn it into a home they love. With the FHA 203k loan, the Getsy’s were able to find a home that had potential and make renovations that they otherwise wouldn’t have been able to accomplish. Renovations included putting in a new air-conditioner, new energy-efficient windows, all new appliances, a new deck, new fence for the backyard, new carpet, and fresh paint throughout the whole house.
Watch this video to hear their story.
Early this morning, as I shoveled the overnight delivery from Winter Storm Rex, I find myself reflecting on all the reasons I detest winter – and they are many.
Getting out of a nice warm bed earlier to dig my car out from the snow, then chiseling off all the ice that accumulated overnight just so I can join the long parade of horrible drivers ranks pretty high on that list. But if I had to pick my personal Winter Enemy No. 1, it’s gotta be those high utility bills.
If ever there was a good enough reason to invest in some eco-friendly alternatives to generating energy for my house, the wintertime gas bill is it. And while “Going Green” with such sustainable energy upgrades like fuel cells, solar panels or wind turbines isn’t a novel concept, few have made the investment because, let’s face it, the cost is usually more than the average American homeowner can handle.
Fortunately, AmeriFirst Home Mortgage has rolled out the PowerSaver Grant. It’s an FHA-approved grant that allows AmeriFirst to cover some closing costs when a buyer makes specific eco-friendly home improvements with the FHA 203k loan. But what does that mean?