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FAQS

Q: What is the FHA 203K Program?

A: The 203K Program is an official FHA (Federal Housing Administration) loan program providing funds to purchase, renovate and repair single family properties. Funds are provided through an FHA-approved lending institution.

Q: What can the FHA 203K Program do for me?

A: If you are looking at the purchase of a home, you may want to consider an affordable foreclosure property. Through the FHA 203K Program, there are no out-of-pocket expenses for the repairs and renovations.  You have only one low-interest mortgage for the total loan amount of the purchase price and the construction budget.

Q: How do I take advantage of this opportunity?

A: Contact Andrew directly, and he will be more than happy to put you in touch with our team of realtors and finance specialists. Andrew and our team will work with you throughout each step in the process.

Wivell Homes is a trusted partner of Bach & Associates Realtors.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreclosure Properties & the FHA 203k Program

In today’s market, Foreclosure Properties represent an affordable option for homebuyers.  The major hurdle for most potential buyers is the amount of renovation and fix-up work required to make it move-in ready.  Our advice – don’t dismiss this option as the opportunity to obtain a customized home with the most bang for your buck!

Our team can make it happen for you with NO out-of-pocket repair or remodeling costs.  Here’s the process:

  1. Become pre-qualifed to determine how much you can borrow.
  2. Find the right home for you that is in need of repairs and/or remodeling.
  3. Meet with Andrew on-site and identify the property specific repairs and your individual remodeling needs.
  4. Purchase the home and fund the construction budget at one easy settlement.
  5. Sit back while Andrew and the Wivell Homes team complete all of the repair and remodeling work.
  6. Enjoy your new customized home!

Before and After Photos

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