Our FHA 203(k) Renovation Program (FULL and STREAMLINE) allows for a qualified owner-occupied buyer to purchase or refinance a 1-4 family home in “As-Is” condition. The program lends purchase money and repair money in one mortgage, allowing a buyer to close “As-Is”. The repairs are then completed after closing.
· As Bank Owned Properties, Short Sales Properties and Distressed Properties are over 80% of the market, the program is the fastest growing mortgage product in the country! Many sellers do not have funds to repair or maintain the homes they are selling (Roof, HVAC, Plumbing, Electrical, (1 comments)