fha 203k renovation: Pro’s and Cons of the FHA 203k
- 07/10/14 04:52 AM
I honestly believe that the FHA 203k renovation loan is the best mortgage product available. The loan creates amazing opportunities in ways that other mortgage products cannot. At the same time it is not the perfect loan for everyone in every situation. Here is how I weigh the FHA 203k loan looking at both the pro’s and cons:
Pro’s
· Home renovations can include many things from windows and siding to new kitchens, additional bedrooms, bathrooms, and levels · It is easier to qualify for this loan. Credit scores as low as 640 and higher DTI’s are eligible · … (13 comments)
My blog is here to provide information regarding FHA 203K loans and conventional renovation loans for both purchase and refinance. Updates, tips and advice regarding these loans and the industry is what you will find on this blog!
I honestly believe that the FHA 203k renovation loan is the best mortgage product available. The loan creates amazing opportunities in ways that other mortgage products cannot. At the same time it is not the perfect loan for everyone in every situation. Here is how I weigh the FHA 203k loan looking at both the pro’s and cons:
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