FHA 203k for Older Communities and Purchase in Fairfax County

By
Real Estate Broker/Owner with Realty Direct

A lot of people are buying homes in communities with older homes that need to be updated or upgraded.  Sometimes buyers do not think about financing those items with a FHA 203k.  Most think about just buying the home via a normal FHA loan process and spending money out pocket as they have it.  However, the 203K loan allows for estimates and preparing an escrow account for those upgrades as they are done and are already worked into the loan.  THis is nice because it reduces out of pocket expenses and also reduces refinances, etc.  So, think about all your FHA options. 

Areas that may benefit - Fairfax County - Oakton, Mclean, Great Falls, Falls Church, Alexandria, Arlington, and many more.

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