Lender helps Lake Forest buyers buy fixers and have cash for repairs with FHA’s 203k loan.

Have you heard of FHA’s 203k loan?  This loan is designed to give buyers the cash they need to purchase fixer-upper properties and fix them up prior to moving into them.  I have a great lender who specializes in these kinds of loans.  Buyers who are having a hard time getting  offers accepted in this competitive market love them because it gives them the chance to write an offer on a home that might look less attractive to the masses (have less competition) AND get their offer accepted. Upon closing escrow, they have the cash left over to fix it up just the way they want it.  I learned all about these when I listed a Parkwood Estates fixer-upper home in Lake Forest last year. Click on the link below to read one buyer’s story and then give me a call for more details.

http://rismedia.com/2010-02-21/a-golden-opportunity-203k-program-helps-first-time-buyers-turn-dreams-into-reality/

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