FHA buyers- turn that ugly fixer into a fabulous oasis!

Home improvement made easier with FHA 203(k) loans.

Interested in purchasing a fixer upper but scared about not having enough funds to do the remodeling? Qualified FHA buyers can take advantage of a fixer-upper home and make repairs with an FHA 203(k) rehabilitation mortgage from Bank of America.

With one loan that combines the cost of buying the home with the cost of making repairs, the 203(k) could be ideal for qualified buyers interested in purchasing a home that needs repairs or updating. The 203(k) advantages include1:

• Qualify with as little as 3.5% down
• Cash needed for repairs is built into the loan amount
• Loan amount is based on the as-improved value

For homes needing limited repairs, qualified buyers may opt to use the FHA Streamline 203(k), featuring all of the advantages of the 203(k), except:

• Qualify with as little as 3% down
• $35,000 of loan proceeds can be applied toward
   repair or rehabilitation
• No minimum loan amount

Contact Natasha Titova with Bank of America for more details
Office: 949.456.8178
Mobile: 949.690.7888
Fax: 866.517.0825