Tucson Loans and Tucson Mortgages are available for home buyers who have found the perfect Tucson Real Estate but, the home needs some work. Have you ever thought “I love this house, but….”?
The good news is that there is are little known Tucson Mortgages and Tucson Loans available from HUD that are not well publicized and can help you buy that slightly unsightly house. And turn it into your dream home. Best of all with just ONE Tucson Mortgage Loan. It’s the FHA 203K Streamline.
Typically, if you were to find a home in Tucson or anywhere in Arizona in need of repair, you would go out and buy the house and then get a home equity line to facilitate the needed repairs. The current market is crowded with foreclosures, bank owned property and short sales. Much of this type of Real Estate has been abused and in need of repairs.
Given the amount of Arizona Real Estate that is in a distress situation, it is easy to work with a Real Estate Agent to find a home that is priced well, but needs some repairs. (Please feel free to contact me for a list of Real Estate Agents who are experienced in using the FHA 203K Rehab Loan in helping people buy foreclosures, bank owned property and short sales.)
So How Does The Streamline FHA 203K Rehab Mortgage Loan Work?
- The total repairs need to be $35,000 or less
- The new loan amount will most likely exceed the purchase price of the house
- You don’t need to hire professional consultants or architects
- You can contract with your favorite home and garden store for all the supplies
How Can You Use The FHA 203K Rehab Mortgage Loan?
- Purchase a home and rehab it
- Purchase a home on another site, move it to a new piece of land, and rehab it
- Refinance a home and rehab it
Apply for a Tucson Loan or FHA 203K Streamline Rehab Loan Now
Zero Money Down with Arizona USDA Rural Home Loans
Similar Posts:
- Tucson FHA Mortgage Tip For Buying A Vacant Home
- How To Buy A HUD Repo Home
- Buy An Arizona Foreclosure With An FHA Loan
- Use The FHA Refinance To Pay Off A Land Contract
- Welcome Back FHA
Please send a list of Real Estate Agents that are experienced with using the FHA 203K Rehab Loan.
Thank you,
Nancy
This is good stuff Paul. I just finished watching your video on How to buy Bank owned Properties. I’m planning on using that link in my blog, if I have your permission of course.
As I mentioned when we talked, you have a lot of good information that i can use in my blog posts. I plan on doing future blogs on financing and of course link to your information.
Mel