You’ve found the perfect property, it’s in a great neighborhood but it’s a fixer. Is there a loan you can get that would allow you to buy a property like this?

An FHA construction loan aka an FHA 203k may be the answer. This type of loan allows the Buyer to borrow funds based on the value of the property once it’s been rehabbed or updated.

Essentially this type of loan gives the Buyer both the funds to make the purchase and the money needed to update the property.

For more information on FHA 203K loan, contact Justin Arnold at Sterling Savings Bank, 1730 Minor Ave. in Seattle.  Justin can be reached directly at 206.287.5780, via email at justin.arnold@sterlingsavings.com His web site .

Mary