In today's market that is full of foreclosure sales and short sales many homes are neglected or distressed! Special financing programs are needed to help a typical home buyer to close on these homes that are quite often bargains. One such government program allows for a personal residence buyer to purchase one of these homes and fix it to their liking. A home needing repairs or has deficiencies cannot pass for typical financing and can be purchased for significantly less than homes in good shape. With our program you can buy a bargain, finance in the costs to bring the home to life and do so for less money than buying the same home that is already market ready! Easy Application Process.

Here is how it works.

• Qualify for the mortgage based on the purchase price plus improvements up to as much as $35000. The maximum mortgage can be as high as $417000. Down payment can be as little as 3.5%of the total.
• Find the bargain home could use repairs, upgrades, appliances, roof, flooring, A/C replacement or almost any nonstructural improvement.
• Secure the purchase contract and obtain bids to complete the work. You can choose the qualified vendors or subcontractors. Your realtor can assist you in finding them or we can provide referrals. You can, if capable, complete the work.The total is approved by the lender in normal underwriting.
• At closing the seller receives their funds and an escrow for repairs is held by the title company.
• Begin the repairs after taking possession with all work to be completed typically within 90 days.

An eyesore of a home could mean opportunity and savings for you! Imagine buying a home that if in perfect shape would be worth say, $250000. But since it is somewhat distressed you might get it for $200000. With $25000 you might be able to bring it to full value. The seller (bank) does not want to pay for the repairs and upgrades before sale. With this program you can, after purchase!

Contact us to find out more about buying one of the many bargain properties that can be right for this program. Remember, you choose the home, you save and YOU pick the colors!