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Instant equity in NJ and PA with FHA 203K

First time home buyers, repeat home buyers, and existing home owners in NJ and PA have an amazing opportunity to walk into thousands of dollars of instant equity with the help of FHA's 203k Rehab loan.

New Jersey and Pennsylvania home buyers have the ability to work with experienced real estate and mortgage team to help them look past the the flaws in a homes current state and look to what that home can become.

Existing home owners located in New Jersey and Pennsylvania can also learn how to gain back that lost equity from the last few years. With the regular FHA purchase program only having a 3.5% down payment requirement, many homes owners from the past few years have quickly found themselves under water in NJ and PA. By understand what improvements can be made to not only gain back the lost equity but substantially gain equity in their existing home.

Below is a quick list of some of the eligible improvements that can be made using this product:

  • Repair/Replacement of roofs, gutters and downspouts
  • Repair/Replacement/upgrade of existing HVAC systems
  • Repair/Replacement/upgrade of plumbing and electrical systems
  • Repair/Replacement of flooring
  • Minor renovation, such as kitchens & baths, which do not involve structural repairs
  • Painting, both exterior and interior
  • Weatherization, including storms windows and doors, insulation, weather stripping, etc...
  • Purchase and installation of appliances, including free-standing ranges, refrigerators and microwave ovens
  • Septic system and/or well repair or replacement
  • Accessibility improvements for persons with disabilities
  • Lead-based paint stabilization or abatement of lead-based paint hazards
  • Repair/replace/add exterior decks,patios, porches
  • Basement finishing and renovation that does not involve structural repairs
  • Basement waterproofing
  • Window and door replacements and exterior wall re-siding

Contact us today to learn how our experianced 203k team can help you

Posted Tuesday Jul 05