WHAT’S MARCO BEEN UP TO?
Marco has been looking into options with our lenders to help buyers overcome the shortage of inventory by considering older fixer uppers and using rehab loan products to make the home their dream home. This opens up more possibilities to purchase. Also, often the homes needing some updating have less buyer competition making the home easier to snag up.
There are two rehab loan products in the market, an FHA 203K rehab loan and a conventional rehab loan, but not all banks and lenders do them. Both are great options and let you finance in the cost of the remodeling into your loan.
If you interested in buying a fixer and rehabbing it, shoot us an email so we can get the dialog started and connect you with the right lender.