Finding a loan for those amazingly affordable Dayton homes

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One of the perks of living in Dayton is home prices that are the envy of the rest of the country, but buying a lower priced home isn’t always as easy as you might think. But never fear- you do have some options, and I’m here to share them with you!

227 Adams St, Dayton OH

227 Adams St, Dayton OH

Listed by Theresa Lussier, THE HOME GROUP REALTY, Attention rehab addicts! Looking for a three bedroom, 1.5 bath home in Historic South Park, with a garage? This home offers a fantastic floor plan with large open rooms, character, and potential. Downstairs is a parlor and living room, dining room with a unique alcove and hardwood floors.

Investors left out of the FHA 203(k) Renovation Loan

Example of type of work an FHA 203(k) loan was created to repair.

The FHA 203(k) loan is a great way to get home owners into distressed homes by allowing them to finance both the mortgage and the renovations on the home, into a single loan with a single closing. These 203(k) renovation loans are especially useful for someone looking for homes in first-tier Dayton suburbs like Centerville, Kettering, Englewood, Trotwood, Huber Heights, Fairborn, Riverside, or the historic districts in Dayton.

How to build sweat equity in Dayton (without the sweat)

REbuildUSA Realtor Dayton OH

REbuildUSA and its partners deliver the support, expertise and systems to allow you to more easily use the power of the FHA 203k loan to make those repairs and renovations to neglected homes and neighborhoods. I recently went through the REbuildUSA training to be in a position to help Dayton home buyers who otherwise wouldn’t be able to buy the home they want, at a price they can afford.

203k Loans in Dayton OH

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ReBuildUSA 203k course is a loan program that will roll the cost of renovations into the home loan. If you are looking at foreclosures, short sales, or distressed properties but have some concerns over funding the renovation costs, this loan might be something to consider. Call or text Teri Lussier at 937.343.1411 if you would like more information.