Finding the perfect house can be problematic. You may find it's better to buy a fixer upper and make it your own. You can pay for those projects with home improvement loans like the FHA 203k or HomePath Renovation loans.
Maybe you want to stay in your current house and make a few changes like a new kitchen or an additional bathroom. Home improvement loans can help you pay for the work, amortizing it over the life of the loan.
If you're looking for a new house, start with the "good deals" you see. Sometimes a vacant or foreclosed house will be priced low for the area. Many times these houses need a little TLC. Home improvement loans can help you buy the house and pay for the work all in one monthly mortgage payment. A home improvement loan is not a second mortgage.
Download "The Ultimate Guide to Home Improvement Loans" to your left, and read the blog articles to the right. Learn all you can about home improvement loans so that you can open up the possibilities to today's housing market.
You can also watch the video below with our Renovation Program Manager Joe Daly. He explains one of these options in "What is the FHA 203k?"