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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