Wednesday, February 16, 2011 - Article by: Melissa Mason - Envoy Mortgage -
Are you intimidated by listings that say "needs TLC" don't be anymore! The 203K loan is a perfect tool to combat these feelings. This loan is an FHA loan, which means the minimum down payment is only 3.5%, however, you can finance the costs of repairs and or upgrades into your mortgage. This program is great for individuals looking to get into a better neighborhood or school district by buying a property that needs a little work. Respond back if you would like to know what a 203K loan can do for you.
That's all for now
Melissa Mason - Senior Loan Office
Primary Residential Mortgage - Your Mortgage Bank
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