Got the keys! PA, 293k, 6.125%
My husband and I (29M & 30F) finally closed on our historic church we’re turning into our house. 6.125% and total loan amount 293k but we only paid 116k for the building and then 149k for renovation and a 14k contingency in escrow. We were under contract for over 3 months and after numbers set back and 3 different lenders it’s finally all ours. Renovation has started and phase 1 will be done by end of July. We used an FHA 203k and if you have any questions please ask. I know everyone said this was the most difficult and impossible loan but I’m hard headed and wouldn’t take no for an answer. I think these are extremely underrated and we just didn’t have the time or energy to fight for a turn key in this economy with people bidding 100k+ over asking.
✨PSA✨ I know some of you are wanting to see the renovations process and I’m documenting and posting everything on TT, YouTube and IG my handle to all is cjdzimmer follow along to see all the pics and videos!