Real estate blog entries tagged with fha rehab loan by Lyn Sims - Schaumburg Homes (Schaumburg Real Estate - Northwest Suburbs

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Home : Blogs : Lyn Sims - Schaumburg Homes : Lyn Sims ~ Schaumburg Homes ~ Chicago Northwest Suburbs ~ Illinois Real Estate : Tag "fha rehab loan"

fha rehab loan: Schaumburg Homes for Sale - Need a rehab loan? - 04/29/09 03:11 PM

What a difference a ‘K’ makes? This is about the ‘Renovation Loan’ called the FHA 203K and how it can be used to purchase a home in need of 'a little help’.

The 203K Loan is:
Perfect for REO’s and foreclosures. Used to purchase and close on a home in ‘as is’ condition. Usually getting a better sales price. No repairs required prior to closing; no appraisal issues. The house must be sound and is used for minor repairs and cosmetic changes that you would like to do to the property and don’t have the ready cash to do it. There … (0 comments)

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