FHA 203k Renovation Loan Can Help First Time Home Buyers Fix Up Their Dream Home!
By: Jerry Tribuzio | Posted: 23rd June 2006
When you buy your first home, you may want to try to find a fixer upper or handyman special in a good neighborhood because there is a loan which allows you to roll in repairs and home improvements into one mortgage. The FHA 203K Renovation Loan Program can help you purchase a charming Victorian which needs some tender loving care and transform it into your dream home. You can update bathroom or kitchen, replace the roof, add an additional bedroom, install new appliances, paint, and much more. This loan is based on 110% of the after-improved value of the home and only a 3% down payment is required which can be 100% gifted from a family member or it can come from a Down Payment Assistance Program such as Partners in Charity. Furthermore, the seller can pay most or all of the closing costs so you may not need to bring a single penny to the closing table. Find out how you can purchase a home and increase its value instantly by utilizing the 203k program. Call Jerry Tribuzio, America's 203k Expert, today at 847.516.5743 for a free consultation or visit www.firsthomebuyers.net for more information.
Jerry Tribuzio is your First Time Home Buyer advocate having over 15 years experience working with new home buyers. Find the latest FHA Loan programs, rate information and more on his website at http://www.firsthomebuyers.net. He has spent a great deal of time updating it with the most current information. He has made it available via an e-book that you can download from his website.
Jerry Tribuzio
American Home Mortgage
950 N. Elmhurst Road
Mt. Prospect, IL 60056
jerryt@i-designfx.com
847.516.5743
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Tags: e book, home improvements, time home buyer, first time home buyer, tender loving care, new home buyers, good neighborhood, new appliances