Perry Wellington 4.5 – Wellington Mortgage can help your Fixer-Upper | WTAJ

With President’s Day coming up, the Perry Wellington Realty team takes a look at some historic presidential places.

Watch to the end to make sure you hear all about the Wellington Mortgage that now offers USDA Renovation Loans at 100% Loan to Value!

Eisenhower National Historic Site 

In 1950 General Dwight D. Eisenhower purchased almost 700 acres of farmland adjacent to Gettysburg National Military Park in Pennsylvania. After becoming president in 1953, Eisenhower and his wife, Mamie, demolished and rebuilt the main home on the property. After completion of the house he would spend a total of 365 days of his presidency on the property and would retire to the home after leaving The White House. Today visitors can take a guided tour of the house that has been kept furnished and styled as it would have been in the 1960s.  Tours of this historic site are administered through Gettysburg National Military Park.

1195 Baltimore Pike, Gettysburg, PA | 717-334-1124 | www.nps.gov/gett/index.htm

Independence National Historic Park- PHILADELPHIA, PA

Independence National Historical Park  (sheltered President George Washington twice in his life)

The Germantown White House, built in 1752 in Philadelphia, Pennsylvania, sheltered George Washington twice during his life. In 1793 Washington went to the home to escape the yellow fever epidemic sweeping through Philadelphia, and the very next year he returned to escape a heat wave. Today visitors to the house can take a guided tour to see its original 18th century appearance and learn about the various other people who were once sheltered here.

526 Market Street, Philadelphia, PA | 215-965-2305 | www.nps.gov/inde/index.htm

Wheatland

In 1848 Secretary of State James Buchanan purchased “The Wheatlands”, a 22.5-acre property with a gorgeous mansion in Lancaster, Pennsylvania. The very next year he moved his family to Wheatland and, other than the four years he served as president, lived there until his death in 1884. Today visitors to the historic site can take a guided tour of Wheatland, explore the museum, and walk the ground and gardens.

230 North President Avenue, Lancaster, PA | 717-392-4633 | https://www.lancasterhistory.org/visit/

If you’re looking to fix up your home, you’re in luck. Perry Wellington’s Justin Bender is stopping by with a new loan that just hit the market.

Wellington Mortgage now offers USDA Renovation Loans at 100% Loan to Value!

Types Of Repairs:

·         Optional Repairs Allowed

·         Structural Repair/Additions Allowed

·         Any Required Health and Safety Hazards

·         No Luxury Items

Highlights:

·         620 Credit Score

·         Owner Occupied Only (**non-occupying co-borrowers are acceptable, must be family)

·         Purchase transactions only

·         Single Family Homes

·         6% Seller Assist Allowed

·         HUD Consultant Required on bids higher than $30,000, under the $30k would be a limited and can potentially avoid consultant fees.

The loan can be 100% of the appraisers AFTER COMPLETED VALUE

-This means in addition to no down payment, if the after-repair value is higher than our purchase price + repairs, we can finance a portion or all the borrower’s cash to close, up to 100%!

This program can help move some of the fixer uppers that would otherwise be conventional or FHA 203k. 

– An entirely new group of borrowers can now access renovation loans for very little cash out of pocket!

For more information on this loan, you can call Justin Bender/Wellington Mortgage at 814-934-7458.

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