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When You Find The "Almost" Perfect House, But Want To Make It Home.
This post is from Jason Sardi talking about the FHA 203K loan that was discussed at last weeks buyer seminar that I held in Spring Tx. 
These loans, I have a feeling, will get REALLY popular again over the next couple years.  If you missed my buyer seminar, check out this article.
This should lead it off quite nicely:)
Back in my early days of lending, I recall quite vividly the very first Rehab Loan I did.  While I did some legwork in actually knowing the ropes of that particular product before advertising the bejesus out of a very niche loan, I still was caught like a reindeer in some oncoming car's speeding headlights when trying to get them closed in a streamlined sort of fashion.  And then, I had it mastered.  As my particular luck would have it, most of those programs disappeared shortly thereafter.
The echoes in the back of my head rang of a long-lost product I had only heard about and most of what I heard were borderline horror stories.  The FHA 203(K) loan reared its mysterious head and stared me in my wide-eyed glance.  I gotta admit, there was major hesitation on my part in even wanting to get involved in ... more

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