03/09/2026
**HOUSE HACK** Want to buy a fully remodeled home that recently appraised at $380k for the same price as a $330k home? We've got a hack for you! The home is listed at $355k. Since we know the equity is there, you can write an offer for $370k using that extra $15k to permanently buy down your interest rate and buy out the private mortgage insurance. Even though you are buying the home for $370k instead of $355k, this results in a monthly savings of $457.50! Monthly payments using this strategy would be $2,323.16 instead of $2,622.01. The lower payment amount is the same as you'd pay for a $330k home! (See first photo) Both scenarios are all inclusive with the property taxes and homeowners insurance. This is based on a 3% down conventional loan, using the national average of 6.125% for the rate (at the time this scenario was ran). The rate will vary based on loan type, credit, etc. In summary, you get a $380k house for the same as you'd pay for a $330k house! Now that's a housing hack!! Courtesy of Jeremy Baxter at New American Funding. Be sure to give him a call and he can help you save money, buy this home, and still have instant equity!! (928) 706-3134.
930 S M St, Tacoma, WA
MLS #2453851
Central location, curb appeal, $25k in instant equity w/$380k appraisal in hand! Fully renovated Craftsman bungalow shines w/high-end upgrades & modern finishes throughout. Enjoy peace of mind w/new electrical panel, roof, windows, gutters, tankless water heater, composite decking, fresh int/ext paint, cabinets, quartz counters, LVP flooring, stylish fixtures & stainless appliances. Cozy 2-bdrm layout with a sleek full bath & gas stove for warm nights. The extra-deep, fully fenced lot w/ alley access offers potential for an ADU, rental unit or shop w/living space above. Backyard shed w/power for storage or workshop. Community garden going in next door. Move-in ready perfection, less than 1/2 mile to parks, shopping, dining, etc. Close to medical, I5, all of Tacoma's offerings.
(This is not a commitment to lend. All loans are subject to credit and underwriting approval. Rates and terms are subject to change. Equal housing opportunity.)