203k FHA Rehabilitation Mortgage
203k FHA rehabilitation mortgage for Wisconsin home purchases or refinances.
What is 203k FHA Rehabilitation Mortgage about?
Are you looking to buy or refinance your Wisconsin home but can’t because the home needs some major repairs? The Federal Housing Administration (FHA) 203K Rehabilitation mortgage allows you to finance the entire cost needed for the repairs. Your appraised value will be determined by the worth of your home after the repairs are completed. The FHA streamlined version will give you 50% of the total cost at closing and the rest when the repairs are completed.
Purchasing a home in Wisconsin
Buying a home can be a daunting task in today’s market. With so many options available, it is quite uneasy to decide on which home to buy. However, what if that home has your required and desired features? How do you fund the TLC required and pay for your mortgage? This is where GSF Mortgage comes in!
At GSF Mortgage, we have a Home Improvement loan that can provide you the cash you need at the closing of your new home. After signing all those papers to make the home yours, we’ll hand you a check for half. With this, you can immediately begin to transform your new home into dream home status.
What kind of repairs does the 203k FHA Rehabilitation Mortgage cover?
Almost all updates and repairs to a home qualify under this new home improvement loan. From re-roofing the home, updating a bathroom, gutting a kitchen, and furnishing it with new appliances, to replacing the out of date wall to wall shag carpeting with hardwood floors are all covered under this loan.
Are you interested in purchasing a foreclosure?
If you are looking to buy a foreclosed home in Oshkosh, Appleton, Green Bay Wisconsin or the surrounding area, an FHA 203k loan may be beneficial to you. Almost all foreclosed homes need a little TLC. With this loan, you can include the needed costs to remodel or repair.
Call or apply online today to see if you qualify for an FHA 203k rehabilitation mortgage.