Did you know you can renovate a home you currently own with a FHA 203k loan? You
sure can, and the uses for this product are almost limitless! If you're considering a refinance, you must first keep in mind that the payoff amount of the current mortgage plus the renovations must not exceed 110% of the approved appraised value whether you are doing a standard 203k or a streamline. This means you must have some equity in the property.
Now, Let's look at some examples:
· A homeowner has purchased a property 10 or 20 years prior and it simply needs updating
and a general “freshening up”
· You want to build that perfect garage you’ve always dreamed of to “tinker”
· Your HVAC has gone out and you're getting estimates of 10,000 to 12,000 to replace it and your roof is close to needing a replacement. What do you do if you don’t have the ready cash?
· Your HVAC has gone out and you're getting estimates of $7,000 to $12,000 to replace it and/or your roof is close to needing a replacement. What do you do if you don’t have the
ready cash?
· Your house needs general updating and you want a new home, but you are in the perfect
location…RENOVATE!
· You’re getting close to retirement and don’t want to have to deal with home maintenance
issues during those“golden years”
· Perhaps you have a parent or loved one that is handicapped and need to make the home handicapped accessible, a 203K is your tool to do that!
The 203K is a tool that can improve your quality of life and relieve you from the stress of extensive home repairs. CALL US TODAY AT 804 596-203K FOR A FREE CONSULTATION. Our firm can make this an exciting and fun time. Remember, if you can imagine it, we
will make it happen for you! Call Priority Home Solutions today and let us make old,
new for you!
sure can, and the uses for this product are almost limitless! If you're considering a refinance, you must first keep in mind that the payoff amount of the current mortgage plus the renovations must not exceed 110% of the approved appraised value whether you are doing a standard 203k or a streamline. This means you must have some equity in the property.
Now, Let's look at some examples:
· A homeowner has purchased a property 10 or 20 years prior and it simply needs updating
and a general “freshening up”
· You want to build that perfect garage you’ve always dreamed of to “tinker”
· Your HVAC has gone out and you're getting estimates of 10,000 to 12,000 to replace it and your roof is close to needing a replacement. What do you do if you don’t have the ready cash?
· Your HVAC has gone out and you're getting estimates of $7,000 to $12,000 to replace it and/or your roof is close to needing a replacement. What do you do if you don’t have the
ready cash?
· Your house needs general updating and you want a new home, but you are in the perfect
location…RENOVATE!
· You’re getting close to retirement and don’t want to have to deal with home maintenance
issues during those“golden years”
· Perhaps you have a parent or loved one that is handicapped and need to make the home handicapped accessible, a 203K is your tool to do that!
The 203K is a tool that can improve your quality of life and relieve you from the stress of extensive home repairs. CALL US TODAY AT 804 596-203K FOR A FREE CONSULTATION. Our firm can make this an exciting and fun time. Remember, if you can imagine it, we
will make it happen for you! Call Priority Home Solutions today and let us make old,
new for you!