Gateway Homes with Rehab Loan Terms

Gateway Homes with Rehab Loan Terms

Welcome to Gateway, a vibrant and inviting subdivision nestled in the heart of Mountlake Terrace, Washington. This charming community, located in Snohomish County, is a hidden gem that combines suburban tranquility with easy access to urban conveniences. Gateway is known for its friendly atmosphere, where neighbors become friends and families thrive in a safe, welcoming environment.

The homes in Gateway are a delightful mix of styles and sizes, catering to a variety of lifestyles and preferences. Whether you’re a first-time homebuyer, looking to downsize, or seeking a spacious family residence, you’ll find something that suits your needs. One of the standout features of this community is the availability of homes with rehab loan terms. This means that potential buyers can purchase properties that may need a little TLC, allowing you to transform a house into your dream home while taking advantage of financing options designed specifically for renovations.

Living in Gateway means enjoying the best of both worlds. You’re just a short drive away from the bustling city of Seattle, with its rich culture, dining, and entertainment options, yet you can retreat to the peaceful surroundings of your neighborhood at the end of the day. The area is also home to excellent schools, parks, and recreational facilities, making it an ideal place for families.

If you’re ready to explore the possibilities in Gateway, let us help you find a home that fits your vision and lifestyle. Your dream home awaits in this charming Mountlake Terrace community!

Newest Gateway Homes with Rehab Loan Terms

$550,000
4 Beds ⋅ 2 Baths ⋅ 2487388 MLS ⋅ ACTIVE Status
Owned by one family for over 50 years! Huge lot over 14,000 sq ft with small fir tree forest behind home and value in land and location near light rail station for easy commute to downtown events or airport. Home is a great project for a handyman refresher, fix and flipper, or a total new build with ADU possibilities. It has a giant detached shop/garage out back for the weekend tinkerer or inventor in you. Tons of potential here, come and check it out! Home has red tag for unpermitted work that was done on the main house 48 years ago...see details in listing docs, call for more info, this is already a remodel home, several lending ideas/options listed below! Seller would like to TRANSFER PERMIT TO BUYER and allow buyer comply with the code items and also simultaneously remodel as they like. Seller does not want to remodel, PRICED to sell AS IS. Property priced to be sold "as is", seller prefers buyer to take over the permit and do repairs to their liking. Pre-inspection available, all systems working when occupant vacated just before listing date, buyer to verify all information to their satisfaction. An FHA 203K financing loan can be done to allow up to $75K in remodeling & up to 110% of completed value & optionally even 6 months of mortgage payments & then could even refi to Conventional loan after work done. Or a rehab loan. Both of these can potentially be done in tandem w/the red tag & should be no issues with the appraisal as per lender consultations.

23906 60th Avenue W, Mountlake Terrace

Listing courtesy of eXp Realty.

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