FHA 203K in Jackson Tennessee ..
I'm in the process of writing up an offer for on one of our listings. The subject property is 20 plus
year old home. The home was in the process of being remodeled by the owner but has been halted. In the
middle of the remodel, the owner had passed away, and the spouse wants to sell it "as is" and just wants the home
I have a buyer that has been getting estimates to finish the property, i.e, new kitchen cabinets, flooring, paint,
and replacing all the windows. A new metal roof has already been installed and the bathrooms are complete. The
only other modifications that need to be made is one non load bearing wall to be moved over 8 inches.
My Question: Does this sound like a good candidate for a FHA 203K loan, and has anyone had any success with this
type of loan since the new appraisal guidelines have come into affect? Thank you in advance for your help...FHA 203
in Jackson TN