If you’ve been house hunting recently you’ve probably noticed a lack of turn key homes available; unless you’re working with a hefty budget.
If your budget is under $300,000 the inventory of updated homes leaves much to be desired. Also, everyone has difference tastes, so why pay for upgrades that someone else added that you don’t even like? Well, you don’t have to settle! You can have a house with great bones AND customize it to fit your needs all in one loan.
We’ve all seen the house that’s the right price, location, you can already picture spending summers in the backyard but it has 20 year old wall to wall carpet that you just can’t live with. In the past you would have two options, pay out of pocket to replace the flooring or live with it until you can upgrade. You no longer need cash on hand to update a home and make repairs. That’s right, you can wrap the cost of new flooring, a kitchen, roof or nearly any other upgrade you can imagine into your mortgage.
I’m very familiar with these products because I used the 203k to purchase and customize my own home. Our home, built in 1907, was gutted to the studs and sat empty for nearly 20 years. See a before & after photo below. You can also read more about we found our home here. Our home was quite the project and I gained SO much knowledge that will help guide you through the process of specialty financing. It may sound scary and complicated, but it doesn’t have to be. If you choose this route, you can be confident that my expertise and experience can help simplify yours.
I partner with Homebridge, a trusted expert in specialty financing. They have multiple options to pay for repairs and updates on a home. Whether you need $5,000 or over $100,000, my mortgage partner Pete at Homebridge will help match you to a loan program that is the best fit.
Even new construction limits your material options. With specialty financing, the possibilities are endless! If you’re looking to buy and would like to customize your home, I’d be happy to discuss options (click here for contact info) to help you make a wise investment and build equity.