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203k: How to Buy a Fixer-Upper - 03/01/10 02:49 PM
How to buy a Fixer-Upper
FHA 203(k) For Purchases
Real estate agents and home buyers are scrambling to adjust to today’s real estate market which is filled with foreclosed homes that have suffered from disrepair and neglect. Many banks that own these foreclosed properties are unwilling to repair them. As a result, many foreclosed properties do not qualify for traditional loan programs. FHA’s 203(k) loan program provides the funds necessary for both the purchase AND the renovation of a home.
Loan Program Advantages:
Streamline Program, Limited Repairs Up to $35,000 Low Down Payment Credit Scores as Low as 620 Competitive … (0 comments)
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Richard Woodward
Frisco,
TX
More about me…
Envoy Mortgage
Address: 17311 Dallas Parkway, Ste 173, Dallas, TX, 75248
Office Phone: (972) 661-5136 x 231
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