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If you are an FHA home buyer which pretty much covers 90% of all the Sacramento First Time Home Buyers, this is some good news for you!
As a Sacramento Realtor I have showed many homes to 1st Time Home Buyers and many times the homes I have showed to these home buyers have had issues, such as no appliances, kitchen cabinets missing or destroyed, granite counter tops broken from being hit with a hammer, holes in walls and doors, toilets missing and much more. The FHA home buyers I worked with in the past just had to walk away and find a different house.
But now, with the 203 K program streamlined and a team in place to make improvements in these type of homes for sale, FHA home buyers can now purchase one of these homes for sale and obtain a loan that will make the home FHA acceptable. The 203K program got a bad rap because teams were not in place to make for an easy transition and get the work done to the satisfaction of FHA appraisers and took an incredibly long time before the home buyer actually was able to move-in to the house.
But, now with the excellent team I have in place, this is no longer a problem and the FHA home buyer can buy any house that has issues, with the 203K program. In the streamline 203K the home buyer can add for repairs to their original loan up to $35,000 and with the full 203K progam from a minimum of $5,000 up to $580,000 can be added to their originial loan for repairs/changes/upgrades/etc.
As the home buyer you get to pick the appliances, the colors, the carpet or wood flooring. So, instead of having to pay for all the changes you would like to have after you buy a house, as a home buyer you can choose items in the home that you would like and roll that into your mortgage payment.
Give me a call if you are a 1st Time home buyer who would like to buy a house with an FHA loan and let’s talk about the 203K program or the down payment assistance program that is available for you and you too will be smiling. Just another way we all go the distance to help the Sacramento home buyers get the home of their choice.
Other First Time Home Buyer Articles:
Who Is A First Time Home Buyer
How Much Money Do Home Buyers Need to Buy A House?
4 Reasons 1st Time Home Buyers Are Afraid to Buy
Why Home Buyers End Up With No House
Home Buyers Want to Know: What is Contingency Period
1st Time Home Buyer Talks About Buying Foreclosed Home
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