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fha loans: Purchasing Distressed Homes with a Renovation Loan! - 02/01/10 11:50 AM
HOW CAN RENOVATION LOANS HELP ME?
     Most of our present listing INVENTORY consists of bank-owned properties.  Many of those properties are in unacceptable "as-is" condition for traditional mortgage financing. Therefore, absent a renovation loan program, they may only be sold for CASH, usually at a substantial discount. The FHA 203K renovation loan program permits buyers to finance those homes in their present "as-is" condition with low money down.
WHAT IS A RENOVATION LOAN??
     A Permanent Mortgage that provides funds for both Acquisition (or Refinance) and Renovation.
          Loan includes:               The cost to purchase the property;                              The cost to fix-up the … (3 comments)

 
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Jesse Allen

Greenville, NC

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Keller Williams Realty

Address: 3851 Dunhagan Rd., Suite 102, Greenville, NC, 27858

Office Phone: (252) 714-1686

Cell Phone: (252) 714-1686

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Jesse Allen, Real Estate Professional in Greenville Jesse Allen on Zillow <Find North Carolina MLS Listings <!--NetworkedBlogs Start--><!--.networkedblogs_widget a {text-decoration:none;color:#3B5998;font-weight:normal;}.networkedblogs_widget .networkedblogs_footer a {text-decoration:none;color:#FFFFFF;font-weight:normal;}--><!--NetworkedBlogs End-->


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