Longwood Gardens Flowers & Improvements Eligible for FHA 203(k) Financing 8/12/11

Eligible Improvements for FHA 203(k) Financing - HUD Guidelines Luxury items and improvements are not eligible as a cost rehabilitation. However, the homeowner can use the 203(k) program to finance such items as painting, room additions, decks and other items even if the home does not need any other improvements. All health, safety and energy conservation items must be addressed prior to completing general home improvements.

Longwood Gardens - Dolores and I enjoy frequent visits to Longwood Gardens in Kennett Square, Pennsylvania.  Encompassing more than 1,077 acres, Longwood Gardens is a place of unparalleled beauty, offering dazzling displays that elevate the artistry of horticulture as will as an array of innovative educational programs.  You will enjoy the Gardens and the grand Conservatory. www.LongwoodGardens.org  

Roy and Dolores Kelley visited Longwood Gardens on June 5, 2011. This is one of our favorite destinations. Canon PowerShot G11 camera. Photographs by Roy Kelley.

We represent home buyers and sellers as their exclusive agents in the Maryland suburbs of Washington DC. 

Roy Kelley
Roy Kelley & Associates
Associate Broker, RE/MAX Realty Group 

Client Assistance:  301-670-8996   

Recipient of the RE/MAX International Lifetime Achievement Award - 2008

 
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11 Comments on Longwood Gardens Flowers & Improvements Eligible for FHA 203(k) Financing 8/12/11

AUG
12
2011
497,273 Points 61 Featured Posts Outside Blog Called Shot Master

Hello Roy,

The 203 (k) program is a great way to help the home buyer from paying out a lot of funds out of pocket for the initial repairs to move in.

Good information.

I love the shot of the fountain.

Have a great weekend my friend.

Clint Mckie
6:38am • #1
963,019 Points 75 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Beautiful flora pics again today Roy.  I hope you and Dolores have a wonderful weekend.
7:10am • #2
126,683 Points 1 Featured Post Outside Blog Hit Router

Good Morning Roy!  Great information and flowers!  Have a nice day.
7:35am • #3
579,755 Points 11 Featured Posts Called Shot Master

The sight of you flower pictures in the morning sets the tone for my day! Enjoy the day!
7:41am • #4
1,470,737 Points 27 Featured Posts Outside Blog Called Shot Master

Good Friday morning to all.  It is very nice to receive your comments.  Have a great day and an outstanding weekend.

We have a beautiful sunny day in Maryland.  This is perfect weather for home buyers as they seek the bargains in the housing inventory.  Many of the buyers are finding opportunities in the available lender owned foreclosures.  Some of the REO properties are best financed by using the FHA 203(k) program which allows the cost of repairs and renovation to be included in the mortgage and all of the work can be completed before moving into the perfect home.

Longwood Gardens.  Photograph by Roy Kelley.
8:04am • #5
151,320 Points 3 Featured Posts Outside Blog Called Shot Master

Hi Roy,

The 203 (k) is a great loan product and many buyers up here take advantage of it. Homes that would not qualify for a standard 203 with peeling paint or broken glass can now be eligible. Another great loan product I like is RD and encourage first time buyers to look into it when shopping for a loan. Nearly every town in NH qualifies. Sure hope you and Dolores have a terrific weekend!
8:13am • #6
805,586 Points Outside Blog

Good morning Roy.

Those are great looking flowers...Beautiful colors..

Have a nice day.
9:08am • #7
529,250 Points 20 Featured Posts Outside Blog Called Shot Master

Hi Roy,  Great pictures as always, are these from volume XXV?  They should be in books for the public to enjoy.
9:20am • #8
1,470,737 Points 27 Featured Posts Outside Blog Called Shot Master

Good Friday morning.  Maryland home buyers will be out in force today and this weekend as they take advantage of the attractive prices and the very low mortgage interest rates.  The Montgomery County Housing Opportunities Commission (HOC) is offering special FHA financing for first time home buyers.

John:  Home buyers that find the perfect floor plan but a kitchen that needs updating can use the Streamlined FHA 203(k) financing that will cover repairs up to $35,000.  Then, the kitchen or other areas can be updated before moving into the home. Those that want to consider this option should know that the lender will want to have a 15% reserve amount so the actual dollar amout budgeted for repairs or renovation should not exceed $30,000.  Buyers should use the regular FHA 203(k) financing when renovation will exceed $30,000.  The FHA 203(k) program is available nationwide.

Life is good!
10:07am • #9
AUG
13
2011
1,938,981 Points 391 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Roy, the flowers are beautiful as always.  But what a treat it was to scroll down and see your butterfly.
9:04pm • #10
AUG
14
2011
1,470,737 Points 27 Featured Posts Outside Blog Called Shot Master

Thanks, Patricia.  You should visit Brookside Gardens to see and photograph the Butterfly Exhibit.

Life is good!
6:38am • #11

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Roy Kelley, Montgomery County, MD Homes For Sale

Gaithersburg, MD

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Roy Kelley and RE/MAX Realty Group

Address: Roy Kelley, RE/MAX Realty Group, 6 Montgomery Village Avenue, Suite 200, Gaithersburg, MD, 20879

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Roy Kelley advises home buyers, sellers and REO asset managers, in the Maryland suburbs of Washington DC and nearby counties. REO and foreclosures sales. Market area includes Montgomery County, Frederick County, Washington County and Prince George's County. Real Estate blogs


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