I am so excited to be able to offer a FHA streamline 203K loan. With the loan program, you can roll improvement costs into your purchase loan. So, say you find a house that costs $200,000 but needs $35,000 in order to update the bathrooms or kitchen, we can roll those costs into the loan. The down payment requirement is only 3.5% of the total loan amount. The closing costs change by a small amount. And, the best part, you have one loan for the purchase and improvement costs.
It is a great way to turn an ugly house into a dream house.
Michelle Castle provides mortgage loans to all of North Texas and Southern Oklahoma. Call Michelle Castle at (903) 892-1998 if you are looking for a home loan in North Texas and Southern Oklahoma.