“I want to take advantage of incentives for people buying a home that needs renovations.”
Have you found a home with a lot of potential, but needs a bit of work to fix up the place? With MegaStar’s FHA 203k home loan, you can turn a fixer-upper into the home of your dreams!
Just like the FHA home loan, you’ll have the option of a low down payment and can use gift money or down payment assistance grants to help cover the costs. This renovation home loan makes it possible to buy a home that needs a little love, especially if you have limited cash on hand to afford both a home and the repairs needed.
It’s the all-in-one mortgage and home improvement loan. The 203k loan is also a great home financing option whether your fixer-upper is a distressed property, foreclosure, REO or short sale, too. Reach out to our team to see if the renovation home loan is the right option for you!