Did You Know? First Financial Mortgage Offers 203 (K) Rehabilitation Loans
Get More Out of Your Home Purchase, a 203 (K) Rehabilitation Loan Can Help Build Long Term Equity
Our friends over at First Financial Mortgage (a division of First Financial Bank) dropped by some information about their Rehabilitation loan services in Central Arkansas. These 203 (K) Rehabilitation loans will allow Cabot and Central Arkansas borrowers to finance an additional $5,000 to $35,000 into their mortgage to make cosmetice repairs or improvements.
There are a couple requirements, but First Financial Mortgage can help. The Arkansas property must be at least one year old to qualify. Also there are requirements of a 3.5% down payment and the property must be owner occupied.
These loans are a perfect opportunity to build quick equity in your home, buy quickly putting money back into your home. Kitchen and Bathroom repairs or improvements are always highly recommended. If you find something that is holding you back from your home purchase, this could be the perfect avenue for finalizing the deal and taking care of the needed repairs.
For more information about this while searching for your new home, you can email me, Barbara Shown of Century21 Cabot.
Thanks for stopping by!