This is a program that should get a lot of people out buying houses with it’s many possibilities. It’s the 203K program which works with FHA financing and it’s got a very high 97% LTV and I find it to be a very aggressive loan program for rehabbers in this market.

*One Time Close

*97% LTV of After-Improved Value
(Value is determined by Appraisers estimate of the properties value after completing the proposed project)

*Up to $35,000 Available for Rehab Project

*50% of Total Rehab Amount Available the Day of Closing (No Waiting for Funds)

*6% Seller Concessions

Allowable Improvements and Repairs

*Repair/Replacement of Roofs, Gutters and Downspouts

*Repair/Replacement/Upgrade of Existing HVAC Systems

*Repair/Replacement/Upgrade of Plumbing and Electrical Systems

*Repair/Replacement of Flooring

*Minor Remodeling, Such as Kitchens and Bathrooms

*Painting, Both Exterior and Interior

*Weatherization, including Windows, Doors, Insulation, Weather Stripping Etc.

*Purchase and Installation of Appliances, including Free-Standing Ranges , Refrigerators, Washers/Dryers, Dishwashers and Microwave Ovens

*Accessibility improvements for Persons with Disabilities

*Lead-Based Paint Stabilization or Abatement of Lead-Based Paint Hazards

*Repair/Replace/Add Exterior Decks, Patios, and Porches

*Basement Finishing and Remodeling

*Basement Waterproofing

*Window and Door Replacements and Exterior Wall Re-siding.

*Septic System and/or Well Repair or Replacement

This information is deemed accurate, but can change at anytime, please email for the most recent guidelines.

Email me at ron@minnesotainvestors.com if interested in buying some homes with this program.