Whether you’re purchasing a fixer-upper foreclosure home or just want to update the kitchen in your otherwise-dream home, there is a government-backed loan program that allows you to finance your rehab costs with as little as 3.5 percent down — on a loan amount that is up to 110 percent of the after-repair value of the home.
Leave it to the government to give this loan program a bland name: 203(k). But there is nothing bland about the results homeowners and homebuyers are getting. This is a government program that really works, and it’s one of the best-kept secrets in the real estate market.
Now RealtyTrac can connect you with the knowledgeable local experts you’ll need to take advantage of this incredible loan. We’ve partnered with 203(k) loan experts Dennis and Teresa Walsh, founders of RebuildUSA who have personally trained tens of thousands of real estate professionals and consumers about the program. Through this partnership you’ll have access to a nationwide network of lenders and real estate agents in your area who will guide you through the next steps to improve your home with the nation’s best renovation loan.