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We have sourced and found an investor who will fund an FHA FULL rehab loan.  This loan is a little more complex than the 203K streamline or "lite" product that is limited to 35K.  We have posted both slide shares below so that you can view the differences.  The greatest thing about BOTH of these types of loans is the ability of the borrower to get money to fix up the home.  If you qualify for the full loan amount, you can get this loan.  It will carry a slightly higher interest rate, but I feel it is certainly worth it.  Where can you get a loan based on the fixed up value of the home?  Where can you have the funds available within 30 days after you close?  Where can you get the best deals on properties-the pristine homes or the ones in a little tougher shape that don't qualify for traditional financing?  More people should explore this loan. This loan can provide the money to fix up homes.   Sometimes people fear the unknown.  Review the slideshows and call with questions about either program.  We ONLY fund loans in Minnesota.  We are Minnesota mortgage broker based in Edina MN (a suburb within the Twin Cities).

 

 

Visit our Minnesota Mortgage Broker website at http://www.VentureLoanApp.com and John's Minneapolis St Paul real estate site at http://www.MinneapolisStPaulHomes.com or Search for Twin Cities homes NOW

 

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1 Comments on FHA 203K Full Rehab Loan-Minnesota Mortgage Broker Can Offer This Loan

MAR
22
2009
174,246 Points Outside Blog Attended Rain Camp

This is a unique way of presenting the story. I like it. good job. M

4:32pm • #1

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Patti Mazzara NMLS #333279

Edina, MN

More about me…

Venture Development Inc NMLS #373115

Address: 7300 France Ave S #410, Edina, MN, 55435

Office Phone: (952) 285-4319

Cell Phone: (612) 237-6277

Email Me

Learn about the Twin Cities real estate, minnesota real estate, minnesota home financing, minnesota mortgages, FHA, VA, Reverse Mortgages, Debt Consolidation, refinancing, first time buyer programs, interest only loans, Edina, Minneapolis and St Paul. Visit our mortgage site at http://www.ventureloanapp.com or http://www.edinamortgage.com Patti Mazzara NMLS #333279 Venture Development NMLS #373115


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