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Purchase and renovate+ FHA 203K Loan

Helping make real estate dreams come true 

     Are you looking to buy your first home and what is available in your area is not in a condition you like ? Many REO/foreclosed properties are being sold "AS IS"  with the lender(owner) not offering any repairs prior to purchase. An FHA 203K loan with as low as 3.5% down payment of the after renovation value may be the answer for you.
     Looking for a deal in your market? Look for a fixer upper that conventional financing will not fund and certainly Rural, VA and USDA  Direct will not touch. Generally such properties are priced below the market to attract cash buyers. You can buy such properties at a discounted price via 203K financing with as little as 3.5% down payment of the after renovation value and be a happy homebuyer.

     The FHA 203K loan can be a great option for many home buyers.  There are not many loan consultants in the Brainerd Lakes area that specialize in them and/or lenders that offer them. Contact Kathleen Lordbock REALTOR®-Keller Williams Realty Brainerd Lakes to find an professional in Central Minnesota. This type of financing  may be available to you and assistant  you in the purchase of a home. With the current tight lending environment and the many available Short Sales and Foreclosed properties, you may be able to buy the home of your dreams using the FHA 203K.









Have you received a Notice of Default on your property?  What are your plans?  Do you plan to walk away or do you want to try a Short Sale which has much less damage to your credit and helps you save face? You need a plan of action and if you want to buy some time, stay in the home until it sells and save up some money - then contact:
 Kathleen Lordbock REALTOR/Staging & Short Sale Specialist 
Keller Williams Realty Brainerd Lakes
Don't just walk away - there is hope, there is help!
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