Many homeowners are currently benefiting from buying a home that needs work since mortgage rates and housing prices are low. Depending on the type of work needed, be sure to hire a reputable contractor that is licensed and highly rated with the Better Business Bureau (BBB).
In addition, the Federal Housing Authority (FHA) offers a 203k loan that allows homeowners to add the cost of the repairs into their mortgage. Check out the link below to see if you qualify.
Yes, it is called “sweat equity”.
Many homeowners are currently benefiting from buying a home that needs work since mortgage rates and housing prices are low. Depending on the type of work needed, be sure to hire a reputable contractor that is licensed and highly rated with the Better Business Bureau (BBB).
In addition, the Federal Housing Authority (FHA) offers a 203k loan that allows homeowners to add the cost of the repairs into their mortgage. Check out the link below to see if you qualify.
Good Luck!