With a population of 117,429, as of the 2010 census, Evansville is the state’s third-most populous city. Over the past few years, steady increases in the job market, accompanied by very low unemployment rates, have succeeded in putting Evansville on the millennial generation’s radar … and it has become a blossoming community in need of housing!
Rehab loans, known as 203(k) loans (and by other names as well), offer an affordable solution for properties needing remodeling. Rehab loans are a great alternative to traditional forms of financing, which often do not provide the necessary funding to satisfactorily rebuild a property.
Whether you prefer to invest in a primary residence or an income-producing property, contact our experts at Proactive Lending Group for more information on rehab loans and their benefits!