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FHA 203K Streamline Loan for 702 N Woodway

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Uploaded by on Jul 1, 2010

This home is priced to sell but needs to be updated. By using the FHA 203K Streamline loan, qualified buyers can get into the home for under $8000 out of pocket with the seller covering closing costs. Finance $25,000 of improvements in the same loan (for example) and at today's rates you total Principal, Interest, Tax and Insurance monthly payment is under $1500. With the right improvements, this home could appraise for $220,000 to $230,000 in this neighborhood.

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