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FHA 203K Loan Can Be a Great Way to Buy a Fixer Upper

Posted By Wally Reule @ Mar 28th 2017 12:02am In: Sedona Real Estate Market News

As I have mentioned several times recently, the inventory of good Sedona homes in the $400,000 - $600,000 range is very low. When a good one in that range comes on the market now, it doesn't last very long. So if what you're looking for doesn't seem to exist, maybe you should just consider making one. How do you do that? Well, the FHA 203K loan rolls in the cost of the home as well as the cost of improvements into one loan. So you might be able to find a home that has the potential to be what you are looking for, and using the improvement dollars, create your dream home in Sedona!

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