City of Pensacola Florida

Good Morning!

There appears to be an increasing number of properties on the market, particularly foreclosures, which are in dire need of repair, rehabilitation and/or updating.  The FHA 203K mortgage allows your Buyer to roll the repairs into the purchase mortgage up to a total of $271,050.

Pensacola Home Buyers should present Purchase Offer and Contract with contractor (including specs and cost) at the time of application.

 A 3-1/2% down payment required based on total of purchase price AND cost of repairs.

If you are looking for a new home in Pensacola, give me a call: 877-461-9907 or 850-438-7755.

check out: http://www.jeannettespencer.com