Here's the cure for those homes for sale that are ugly...err...visually challenged. This FHA loan can help a buyer alter the appearance of any home, inside and out! * Up to $35,000 for repairs and rehab (simple / non-structural) * Additional $2,000 allowed for energy efficiency items (windows, etc.) * Final loan amount is limited to 110% of after-improved value * No FHA consultants required * Less than $15,000 in repairs -- no final inspection required * Not limited to FHA required repairs * Replace ugly paint, flooring, windows and buy new appliances! * Work must be completed by licensed contractor(s) * No minimum repair cost * Work must be started within 30 days after closing * Work must be completed within 6 months after closing. * Contractors will be paid in two installments - 50% upfront with final payment at completion. * 10% contingency may be required Buyer's process will go like this: * Get a home under contract. * Identify desired/necessary improvements. * Get bids and homeowner/contractor agreements from contractors. * Lender provides list of repairs and bids to FHA appraiser. * FHA appraiser determines after-improved value. * Loan is underwritten and closed. Call us with any questions. We would love to be of service! - created at http://lapalmahomefinder411.com