During the past two months I've been traveling around North and South Carolina speaking to Allen Tate Realtors about the benefits and processes of the FHA 203k Renovation Loan program; about 14 presentations to over 280 agents. The feedback has been great and our results are gaining traction. This month alone we closed 4 renovation loans. Each was a foreclosure sale; the average sale price was approximately $83k and the average amount of the borrower's renovation was $27k.
It is exciting to be a part of a buyer's vision for improving a property, making it their own, and turning a vacant REO property into a home all at the same time....one house at a time.
But remember, this loan program is NOT just for foreclosed properties. If you've found (or have) the perfect house that just needs updating, we can help! Call me today to learn how.
