203K Contractor in Sussex County NJ

The 203K program is a HUD sponsored purchase-renovation program in which one all-inclusive loan serves to both acquire real estate property and restore and upgrade the property. This program provides financing for foreclosures, “fixer-uppers” or rehabs and offers the opportunity to repair, update and customize the home to the buyers needs. Purchasers take advantage of distressed properties and bank-owned real estate at bargain prices, get the monies through an FHA-approved lending institution to renovate in one low-rate 30-year fixed mortgage. It is advisable to find a 203K Contractor in Sussex County NJ with the experience to navigate you through the 203K program.

BENEFITS TO A 203K LOAN AND RENOVATIONS:

1. Buying a Fixer-Upper: Some homebuyers might come across a property in a desirable location at a lower price because it requires substantial repairs or updates. With a 203k loan, they can finance the purchase and the renovation costs, making it possible to afford the property and transform it into their dream home.

2. Customization: Renovating a house through a 203k loan allows homeowners to tailor the property to their preferences and needs. They can make design choices, select materials, and upgrade features to match their lifestyle and taste.

3. Increased Property Value: Renovations can increase the overall value of the property. By improving the home’s condition and adding modern amenities, homeowners may be able to build equity in the house, potentially leading to a higher resale value in the future.

4. Competitive Interest Rates: 203k loans often offer competitive interest rates compared to other financing options for extensive home improvements. Since the loan is insured by the FHA, lenders may be willing to offer more favorable terms.

5. One Loan, One Closing: One of the significant advantages of a 203k loan is that it consolidates the costs of purchasing and renovating the property into a single loan, with only one closing. This streamlines the process and reduces paperwork and administrative hassle.

6. Affordable Down Payment: The down payment requirements for a 203k loan can be relatively lower than what is typically required for other types of loans, making it more accessible for some buyers.

7. Eligibility and Flexibility: The 203k loan program is available to both first-time homebuyers and existing homeowners who wish to renovate their properties. It allows for a wide range of improvements, including structural changes, energy-efficient upgrades, and cosmetic enhancements.

203K CONTRACTOR SERVICES ELIGIBLE:

• Structural alterations and reconstruction
• Modernization and improvements to the home’s function
• Elimination of health and safety hazards
• Changes to improve appearance and eliminate obsolescence
• Reconditioning or replacing plumbing: installing a well and/or septic system
• Adding or replacing roofing, gutters, and downspouts
• Adding or replacing floors and/or floor treatments
• Major landscape work and site improvements
• Enhancing accessibility for a disabled person
• Making energy conservation improvements (HUD requires that properties financed under this program meet certain basic energy efficiency and structural standards.)

ACHIEVE YOUR DREAM OF HOME OWNERSHIP! CONTACT US ABOUT THE 203K PROGRAM

Principals of The Probilt Group LLC are NJ Licensed Real Estate Agents, Contractors with 50 years of experience, and are 203k Contractors in Sussex County NJ. When you hire The Probilt Group LLC you can rest easy knowing that your renovation project is in the hands of qualified professionals with years of experience. We pride ourselves on our history of honesty, integrity, reliability and commitment to ensuring top quality workmanship and impeccable customer service.

We assist homeowners in achieving the dream of home ownership through the FHA/HUD203K Loan Program. We are Short Sale and Foreclosure certified and combine over 20 years real estate expertise with 50+ years of construction experience to bring the American Dream back to life.

There are many 203K opportunities available. Take the first step toward securing a home at 50% off the appraised value on short sales, foreclosures, bank owned, fixer-uppers, auction, distressed, “as is” and sheriff’s sale properties. Call us to find out if the HUD 203K program is right for you.

12 GOOD REASONS TO WORK WITH A CONTRACTOR / REAL ESTATE AGENT

1. Knowledge of the market, access to first hand property information (even off-market).
2. Secure credit report and pre-qualification.
3. Review your budget and plan for a top quality purchase offer.
4. Ability to locate distressed homes in your preferred area and within your budget.
5. Make appointments and show properties.
6. Inspect and note property deficiencies.
7. Make recommendations for room upgrading and home modifications.
8. Prepare estimated cost of renovations and 203K financial reports.
9. Provide drawings and architectural plans and apply for construction permits.
10. Complete 203K Loan Application and submit to financial institution.
11. Start and complete construction within a specified period of time; coordinate trades; Inspections with HUD and local Building Department officials
12. Obtain Certificate of Occupancy.

The Probilt Group: 203K Contractor in Sussex County NJ

The Probilt Group LLC has over 50  years of experience as a 203K Contractor in Sussex County NJ and surrounding areas. We provide Contractor Services from Concept to Completion that include Home Addition Construction, Add A Level & Dormer Construction, New Home Construction and Home Renovations such as Kitchen Remodels, Bathroom Remodels, Basement Finishing, Custom Decks and more!

The Probilt Group LLC will handle all aspects of your project including:

• A Job site visit and project review with client.
• Home floor plan / project measurements noted.
• Design with Preliminary floor plan.
• Accurate cost estimate.
• Virtual review of drawings and estimate.
• We strive to exceed all goals and budgets.
• Financing Available.
• Accept All Credit Cards.

The Probilt Group LLC offers 203K Contractor Services in the following towns and surrounding areas:

• 203K Contractor in Sparta NJ
• 203K Contractor in Vernon NJ
• 203K Contractor in Newton NJ
• 203K Contractor in Andover NJ
• 203K Contractor in Lake Mohawk NJ