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Imagine stepping into the charming potential of this $70,000 home and envisioning it transformed into your dream residence. This is where the FHA 203K loan steps in, a perfect fit for first-time homebuyers, not just investors. With the FHA 203K loan, you can Get this home Under contract for $70,000 and have the freedom to renovate it exactly the way you want. Here's how it works: after buying the home, you hire a licensed and insured general contractor who provides you with a detailed quote for all the renovations you desire. This list is then submitted to the appraiser, who evaluates the home as if all the improvements were already completed.Once the appraisal is done, you close on the loan "as is," including the costs of both the purchase and the planned renovations. If you are pre-approved for $125,000, you can comfortably buy this home for $70,000 and allocate $30,000 for renovations, all wrapped up in the same loan. The contractor has up to six months after closing to complete the repairs, ensuring your new home is perfect for you. This loan not only covers the cost of the home but also finances the necessary improvements, making it a seamless process to turn this house into your ideal home.
| YEAR BUILT | 1923 | COMMUNITY | Lansing |
|---|---|---|---|
| COUNTY | Ingham | STATUS | Sold |
| PROPERTY TYPE(S) | Single Family |
| School District | Lansing |
|---|
| ADDITIONAL DETAILS | |
| AIR | Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Cooktop, Dishwasher, Refrigerator |
| AREA | Lansing |
| BASEMENT | Yes |
| CONSTRUCTION | Vinyl Siding |
| HEAT | Forced Air |
| LOT | 0.25 acre(s) |
| STYLE | Traditional |
| TAXES | 3415 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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*Estimate only
Listing provided courtesy of: ; Keller Williams Kalamazoo Market Center
IDX provided courtesy of Realcomp II Ltd. via Real Estate One and MLS Copyright 2024 Realcomp II Ltd. Shareholders
IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
The data relating to real estate properties on this website was last updated as recently as 7/16/24 4:00 AM PDT.
This IDX solution is (c) Diverse Solutions 2024.
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