Henderson Nevada 203(k)
Henderson, Nevada home buyers are using the FHA 203(k) (also known as the rehab loan) to buy homes that normally wouldn't qualify for regular FHA financing because of the required repairs. This has a couple of benefits for Henderson home buyers.
First, it allows them to make offers on homes with less competition which increases the chances that they will get the home. Secondly, it allows them to make improvements to the home that fit with their tastes and lifestyle. Finally, it allows them to use the most popular financing available - the FHA-insured mortgage - to buy the home. FHA loans allow for a small down payment of only 3.5% and have great fixed rates.
The Wunderli Team at Alterra Home Loans specializes in FHA and FHA 203(k) Rehab loans as well as VA financing. Here's how you can learn about your financing options.
First, it allows them to make offers on homes with less competition which increases the chances that they will get the home. Secondly, it allows them to make improvements to the home that fit with their tastes and lifestyle. Finally, it allows them to use the most popular financing available - the FHA-insured mortgage - to buy the home. FHA loans allow for a small down payment of only 3.5% and have great fixed rates.
The Wunderli Team at Alterra Home Loans specializes in FHA and FHA 203(k) Rehab loans as well as VA financing. Here's how you can learn about your financing options.
