Atlanta 203K Deal of the Week – HUD $100 Down
Hud Homes in Atlanta are available for$100 down if you are purchasing as a primary residence. You can purchase AND renovate with a 203K Loans all for $100 DOWN.This HUD Foreclosure is an example of some of the AMAZING deals available on the market. If you are interested in this home please click the link to find an experienced Atlanta HUD Home Realtor.
I Can Buy THIS for $100 Down??
This 3 bedroom / 3 bath house is located in Marietta, Georgia. Surrounded by great SCHOOLS, restaurants and every amenity you could think of, the location is fantastic.
Although the home is in great condition and could be financed with a traditional FHA 203B loan, I know that many of you are looking at the style and thinking 70′s modern, wood siding, REALLY? Wait, I know the outside is dated with FHA 203K Financing we can spruce that up no problem.
Did I mention that the AS-IS appraised value is$156,000 and the asking price is$113,724? 2500 SQ Ft in MARIETTA for less than$115,000 with $40,000+ in INSTANT equity?This is AS-IS too! We have even discussed how you can make this home AWESOME with a 203K Loan.
Interested now? Just wait…
Excellent OPEN Floor Plan
Dated outside? Easily fixable with 203K financing. A coat of paint, maybe some fresh windows and you have yourself an updated version of classi 70′s modern.
What About the Inside? How Can a 203K Loan Help?
What does everyone want these days? Open floorplan right? Take a look at this living area!
Kitchen open to the living area with wood beamed ceilings and a fireplace. A little work needed? Sure. The fireplace could use an update, maybe a fresh coat of paint, but the overall layout and bones of the main living area are EXCELLENT.
Very little work needed to bring this inside up to date.
Another Living Area!
So How Would I Use the FHA 203K on This Home?
This one is a no-brainer. Freshen up the face of the house with some new siding and windows, add some fresh paint throughout, update the tired firepace, maybe some new flooring as well.
In the kitchen some shiny stainless steel appliances, granite counters and maybe some cabinets from IKEA. It’s your 203K, you decide.
All in all, depending on your tastes, you could probably purchase this home for$110,000, add$20,000 to$35,000 in upgrades and end up with a loan amount of less than$150,000.
Remember that the AS-IS value of this home is$156,000. What do you think it would be worth once you update it?$200,000?$250,000? Whatever it would be worth, you’d walk into instant equity for sure.
Just so we are clear on what an amazing deal this is; you can purchase and renovate via FHA 203K, finance all the renovations and do it all for$100 DOWN!
Sounds too good to be true right? It isn’t. If you want more info on how you can make this YOUR reality simply click right here on our ATLANTA 203K HUD INFO page and we’ll walk you through the process!
More From 203K Mortgage Loans
- How to Write a FHA 203K Purchase Offer | 203K Loans | HomePath Renovation Mortgages – Georgia, Florida, Alabama, SC
- HUD $100 Down – Atlanta 203K Pick of the Week | 203K Loans | HomePath Renovation Mortgages – Georgia, Florida, Alabama, SC
- FHA 203K Loans – The Process
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