(818) 953-5300

brad@bradkorb.com

Transform a fixer-upper on your budget with the TLC loan program.

Attention fixer-upper enthusiasts! I have exciting news for anyone looking to transform a fixer-upper into their dream home. There’s a new loan program called TLC, or Tender Loving Care, that could be the key to reaching your dream. 

One of the things that makes this program attractive is the low down payment of only 5%. In addition, you can enjoy the benefits of conventional financing, potentially offering lower interest rates compared to other loan options. However, you need to have a credit score of 640 or higher to qualify for the loan program, which offers maximum loan amounts that vary by location. For instance, in Los Angeles, the current limit is $1,149,000.

“This program is a great option for those who want to buy a fixer-upper at a potentially lower price.”

This program is a great option for those who want to buy a fixer-upper at a potentially lower price, invest in renovations to create their dream home and build equity by increasing the property value after renovations.

If you are curious about the TLC loan program and have questions about eligibility or the application process, feel free to reach out by calling or sending an email. I’m happy to discuss the details and help you determine if it’s the right fit for your homeownership goals.