MARYLAND FIXER-UPPER PROPERTIES AND HOME IMPROVEMENT LOANS - Montgomery County
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.
IMPROVEMENTS IN PROGRESS
HOME IMPROVEMENT COMPLETED
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 -
Payment of rehabilitation costs
Move in your beautiful home.
Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988, E-mail.