Longwood Gardens Flowers & How To Use FHA 203(k) 8/11/11
How The FHA 203(k) Progran Can Be Used - HUD Guidelines
This program can be used to accomplish rehabilitation and/or improvement of an existing one-to-four unit dwelling in one of three ways:
|To purchase a dwelling and the land on which the dwelling is located and rehabilitate it.|
|To purchase a dwelling on another site, move it onto a new foundation on the mortgaged property and rehabilitate it.|
|To refinance existing liens secured against the subject property and rehabilitate such a dwelling.|
To purchase a dwelling and the land on which the dwelling is located and rehabilitate it, and to refinance existing indebtedness and rehabilitate such a dwelling, the mortgage must be a first lien on the property and the loan proceeds (other than rehabilitation funds) must be available before the rehabilitation begins.
To purchase a dwelling on another site, move it onto a new foundation and rehabilitate it, the mortgage must be a first lien on the property; however, loan proceeds for the moving of the house cannot be made available until the unit is attached to the new foundation.
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.