13general-contractor.png

You just found a GREAT deal! You see the potential and know that with some improvements this could be a GREAT home. But there’s just one little problem…

The purchase of a house that needs repair is often a catch-22 situation, because the bank won't lend the money to buy the house until the repairs are complete, and the repairs can't be done until the house has been purchased.

HUD's 203(k) program can help you with this problem and allow you to purchase or refinance a property PLUS include the cost of making the repairs and improvements, in the loan up to 110% of the future value of the home with a minimum 3.5% down payment.