A Solution for Homebuyers
A message from Kevin Coates, President of The Advantage Group:
“Today many potential home buyers are interested in distressed properties. But a common obstacle that these buyers come up against is that they do not have enough money for both the down payment and the needed repairs or remodeling their home requires. However, there is a solution that many people are becoming increasingly aware of – the FHA 203K rehab loan. With this program, buyers can purchase a home with 3.5 % down and borrow up to an additional $35,000 for improvements (with approval from the lender.) This is a great program for buyers with limited funds.
A great example of the ever growing number of Foreclosure opportunities is this 5 bedroom, 2 bathroom home at 3331 Eastern Avenue in Sacramento. This home has great potential with over 2,000 square feet, a park-like rear yard property and close proximity to excellent schools.”