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construction to permanent loans: FHA Still offers rehab loans - 06/03/08 07:28 AM
While many conventional lenders have shut down their construction to permanent (rehab) loan programs FHA still offers 2 programs.
For those seeking investment property opportunities who are willing to occupy one of the units in their building this may be one of the few ways to make it happen in today's tight lending market.  Here are some details.
A potential homebuyer locates a fixer-upper and executes a sales contract after doing a feasibility analysis of the property with their real estate professional. The contract should state that the buyer is seeking a 203(k) loan and that the contract is contingent on … (0 comments)

 

Illinois Financial Advisor Greg Zaccagni

Wheaton, IL

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