A little known statistic uncovered by a National Association of Home Builders Study is that more than 80% of the homes in America are 20 years old or older. We’re talking about more than 100 million homes that are 20, 50, even 150 years old or olderĀ – and almost every single one of these homes need some amount of repair, renovation or remodeling.
The 203k and other renovation loans are not just for REO’s and short sales. Millions of homes bought and sold across America today and long into the future will benefit from the use of renovation financing.
203K Loans are assumable
3.5% Down to purchase
Duplex Purchases Allowed – Buyer must live in one side