I totally agree with the 203K loan. It is an awesome FHA loan that lets you finance the repairs on your purchase that needs work, as long as when the work that is finished, the home appraises out. I have lenders that are experts on this loan. I also have an awesome email program that sends you AVAILABLE listings to your email address that fit the criteria you give me. I also am very good at getting the seller to pay the closing costs with creative financing. You only need 3.5% down, which can be taken out of your 401 K without penalty or gifted to you from a family member etc. The immediate cash you need is $1500, $1000 for the earnest money and then the inspection fee, which needs to be paid upfront. The seller pays my commission so my service to you is FREE! You can email me at trulia@CarmensHomes.com or call my cell, 708-533-0515. Remember that if this is your first home or you have not owned a home in the last 3 years, you qualify for the $8000 ( provided that you buy a home $80,000 or higher and keep it for 3 years) that the government is giving if you buy a home before December 1st, this year. I look forward to hearing from you. You won't be sorry that you contacted me. I promise!
Carmen Keslin e-Pro
ReMax 10 In the Park