If you are thinking about "FIXING and FLIPPING" a home as an investment property, and you have cash to pay for the home, or are using Hard money to fund the transaction at 10-12% with 4 points, I tip my hat to you, until FHA comes up with a product that will be investment property rehabilitation.

With regards to this blog, we will be focusing on owner occupied FHA 203K loans, since that is what FHA offers at this moment in time.

First off, what is an FHA203K Loan?

The FHA203K program is The Federal Housing Administration (FHA), which is part of the Department of Housing and Urban Development (HUD), primary program for the rehabilitation and repair of single family properties. That simple. 

This is an amazing program for the revitalization of neighborhoods and will expand home ownership opportunities for many who are "on the fence", and not sure if they want to buy a home.

For the sake of this blog, which I intend on writing a couple of times a week, and for the sake of not boring anyone, I think it will be an AMAZING "EYE OPENER", if I take you on a journey, on a FHA203K in process, step by step, to show you, hands on, exactly what we are going through from application to close.

I will also be adding a Viral Video of before and after pictures, with an interview of the home buyer, to add the visual for your full understanding.

It is great to finally be back on Active Rain! See you tomorrow

 

 

 

 

 

 

 

Brian Paul Quigley
THE MORTGAGE NETWORK
Senior Mortgage Consultant, MBA
600 South Cherry Street, Suite 143
Denver, CO 80246
720 524 3215 - Office
720 949 5630 - Cell
303 547 3382 - Fax
www.brianquigley.com <http://www.brianquigley.com/>
"When Service Matters"
Personal NMLS#244003
CO License #LMB100008914
Superior Service Since 1985, Serving Colorado, New Mexico and Southwestern Florida
Colorado mortgage brokers license number 100024777
 
This post has been included in Colorado Real Estate News

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Bquigley

Brian Quigley NMLS#244003 The Mortgage Network

COBROKER1

Denver, CO

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The Mortgage Network NMLS#244003

Address: 600 S Cherry St - Suite 143, Denver, CO, 80246

Office Phone: (720) 524-3215

Cell Phone: (720) 949-5630

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