Financing the Deal of a Lifetime! It is true that there are more and more great foreclosure deals hitting the market in the Greater Cincinnati Real Estate Market. The problem that potential buyers of these homes face is getting the financing. With our nation’s lenders in the midst of a major credit crunch, lenders are less willing to loan even the most qualified borrowers, money to purchase a property in need of a little TLC.
By keeping a close eye on the programs offered by many of Cincinnati’s top lenders, we have found a few great programs that are helping our buyer clients to realize the purchase of great properties below market value. These programs even allow you to borrow additional money for the cost of improving the property! The key to taking advantage of the many distressed properties available on the market is to present an application package to a lender before you even start the search for a home. The various renovation loans that are still available have specific guidelines regarding the scope of the over-all project and must be reviewed on a case-by-case basis.
If you have some money to put down and at least a 680 credit score, then you may qualify for renovation financing. Our team specializes in assisting buyers in the purchase of distressed properties. Call our office today at 513-766-0647 and we will pair you up with a lender that will best serve your needs.