203k: 203K video tutorial
- 10/26/10 04:13 PM
Check out this video from highly regarded 203k consultant Gary Smith who calls Mississippi home. Gary has also started a great web page www.203kforum.com where consumers can learn all they need to know before entering into this very misunderstood loan.
203k: A great construction loan
- 07/17/10 03:36 AM
Are you thinking of remodeling? Want to purchase a fixer upper and get money to fix it up?
Rehab a Home w/HUD's 203(k) The section 203(k) program was designed by HUD to help in community and neighborhood revitalization and for expanding homeownership opportunities. The program requires just one mortgage and one settlement. It may be used for a purchase or a refinance. The mortgage amount is based on projected value enabling funds for improvements. Eligible properties are one to four family dwellings that have been completed for at least one year. Homes that have been demolished are also eligible (1 comments)