HOME IMPROVEMENT LOANS IN Montgomery County, MARYLAND.

Home buyers looking for value and the ability to buy a home and finance your upgrades and improvements should consider Conventional Rehabilitation or FHA 203(k) financing.

Foreclosures, vacant properties and occupied houses in need of repair, upgrading and/or remodelling are eligible for rehabilitation financing. The best news is that you, the home buyer, can finance the cost of the new kitchen, the garage addition, the deck, new roof and many other features to make a house your home.

You, the home buyer, are not limited in the area in which you wish to buy. You are not limited to vacant properties, foreclosures, bank owned or REO homes. YOU select the property that you would like to own. If you can imagine a home with your new kitchen design, new bathroom fixtures, new deck, etc. you will benefit by a home improvement purchase and finance.

Bethesda * Damascus * Gaithersburg * Germantown * Montgomery Village
Olney * Rockville * Silver Spring * Potomac

HOME IN BETHESDA UPGRADED. Before value - $363,000, After value $700,000.

This house in Bethesda was purchased for $363,000 in 2003. EXTERIOR CONDITIONS * 25 year old roof. * Overgrown shrubs in landscaping. * Mature Trees with roots growing close to house. * No deck. * Siding and trim in need of paint.

IMPROVEMENTS IN PROGRESS *The roof was replaced with 3 layers of old roofing removed. * Repair to roof deck. * Installation of 30 year quality shingles. * New gutters. * Paint exterior.

HOME IMPROVEMENT COMPLETED * New roof. * Siding repaired and painted. * Overgrown landscaping removed. * Lawn established. * Tree removed. * Deck added to back. This home in Bethesda is an example of what home improvement purchases and financing can do. This home was purchased for $363,000 in Feb. 2003 and appraised for $700,000 in May, 2005. Extensive upgrades were completed on the interior, new kitchen, new bathrooms, finish second level, new flooring, paint, lighting.

HOME IMPROVEMENT PURCHASE AND FINANCE - STEP-BY-STEP.

STEP #1 in the process of buying a home and financing through a home improvement loan.

FIND YOUR HOME OF CHOICE. You will want to work with an agent/broker ready to help you find a home that you wish to buy and a property that is eligible for a home improvement loan. You make the decisions about the home you wish to buy. Your Buyer's Agent will show you foreclosure properties, vacant properties, occupied properties that are in your location of choice and within your qualified price range.

PREPARE A FEASIBILITY ANALYSIS. Included in the analysis is:
A determination of the extent of rehabilitation required and/or desired, A rough estimate of the work needed and/or desired, An estimate of the market value following completion of the home improvements.

MAKING AN OFFER to buy the home of choice. Your offer to purchase will include:
Offering price, terms and conditions, Disclosure that the property will be contingent on a 203(k) or conventional home improvement loan approval.

MAKING LOAN APPLICATION. The lender will have experience and expertise in home improvement loans.Find home for sale

COMING SOON -
Cost estimates
Plan review
Appraisal(s)
Lender review
Lender commitment
Loan Settlement
Rehabilitation process
Payment of rehabilitation costs
Final Inspection

Move in your beautiful home.

Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988, E-mail.

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