New Edge Improvement Co. Participates in 203K Loan Program

203k Benefits to Borrowers:

 

  • Renovate your home with little or no additional out-of-pocket expense and a low down payment.
  • Combine purchase/refinance + rehab funds into one low-interest, tax-deductible mortgage based on improved appraised value.
  • Include mortgage payments in the loan to cover rehab period.
  • Submit a strong purchase offer if presented properly to seller.
  • Experience less competition from other buyers who are not in the market for fixeruppers and enjoy greater opportunities for “good deals” on home purchases.
  • Choose from a broader selection of homes for sale in any condition, including condos, townhouses, mixed-use, multi-family, singlefamily dwellings, and those that do not currently meet FHA standards.