200 N Anderson Rd, Guthrie, OK 73044

15 ACRES with 25X50' INSULATED SHOP and 18x35' METAL BUILDING 203K rehab loan home avail. Property is sold in present condition, but a great buy for someone who can finish a few projects! Main home is 4 bedroom split plan with extra wide doorways. Master bathroom shower needs completion; kitchen cabinets need some doors, and there are some door frames that need completion. The 25X50 insulated shop with concrete floors. Guest house is appx 735 SQ FT & rented for $500/mo...tenant on a mo to mo lease. A Streamlined 203k loan is figured into the original loan balance, resulting in one, fixed-rate mortgage loan. The mortgage balance can EXCEED the purchase price of the property. Borrowers are not required to hire professional consultants, licensed engineers or architects. The appraiser will put together a list of recommended (and in some cases required) repairs / improvements. Generally speaking, work is finished between 45 and 90 days, with a final inspection required by the appraiser.