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 fixer-uppers 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, single-family dwellings, and those that do not currently meet FHA standards.

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