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203k: Growing Demand for Renovation Loans - 12/15/11 10:55 PM
     
 
As the Nation's Second Largest 203K Lender, Prospect Sees Demand Growing for Renovation Loans
Currently, foreclosures account for about 30% of all home sales in the U.S. Many of these homes have been neglected and are in need of repair. These market conditions have made renovation loans a hot item.
Renovation loans are very attractive for a number of reasons. The Federal Housing Administration (FHA) 203K renovation loan provides the money to both purchase the home and finance the home's renovation. The down payment required on a renovation loan can be as low as 3.5%. … (2 comments)

203k: FHA 203(k) Rehab REFINANCE Loan - 01/30/11 05:39 PM
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203k: FHA Renovation Loan 203(k) - You Love the location But Hate the House - 03/04/09 11:06 AM
In this market you'll often find the location of your dreams, but the house leaves you feeling sick inside.  You wouldn't or couldn't see youself living in such a place... but the view... the view is amazing!
FHA offers the 203(k) Renovation loan to solve this problem.  Here is what is offered:
 
FHA 203(k) Rehabilitation Home Mortgage loans are used to Purchase or Refinance and rehabilitate an existing One to Four family residences (Residence must be 1 year old) that will be used for residential purposes. FHA approved Condos are eligible as well.
Unlike FHA's Renovation Loan, Conforming loans a … (5 comments)

 
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Julie Chroust, NMLS# 249458, Direct Lender & Mortgage Banker

Walnut Creek, CA

More about me…

Julie Chroust, Prospect Mortgage, Walnut Creek, CA

Address: 1910 Olympic Blvd,, Suite 120, Walnut Creek, CA, 94596

Office Phone: (925) 516-5809

Cell Phone: (925) 381-1481

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