Home Rehab Loans Explained
By Dick Cook, Seacoast & Lakes Region Specialist
(Coldwell Banker- Peggy Carter Team)
FHA 203(K) Loans May be the Key in Funding Your Dream Home Repair Are you interested in buying a fixer upper in Dover NH but don’t know how you will fund the necessary repairs after closing? The current inventory of homes available in Dover NH includes many properties that weren’t maintained by previous owners, were treated badly by renters, or were intentionally trashed by former owners before the homes were lost to foreclosure. We have all heard the stories of bathrooms and kitchens cannibalized and copper plumbing cut out of the home prior to its seizure by the bank. In many cases these properties represent an amazing value when compared to move-in ready homes, but many prospective purchasers lack the experience to repair them on their own, or do not have the funds necessary to hir...
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