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bank owned rehab: Marketing your REO Listings as FHA 203KS Qualified
- 06/06/08 04:45 AM
What qualifies your property as FHA 203K??? As long as the home loan is at or under the FHA county loan limits it is qualified. Condo/Townhomes need to be HUD approved.
FHA 203K
https://entp.hud.gov/idapp/html/hicostlook.cfm
HUD has defined eligible renovation as:
OWNER OCCUPIED PROPERTIES ONLY
Repair/Replacement roofs, gutters, and downspouts Repair/Replacement/Upgrade of existing HV AC systems Repair/Replacement/Upgrade of plumbing and electrical systems Repair/Replacement of existing flooring Minor remodeling such as kitchens, which does not involve structural repairs Exterior and interior painting Weatherization: including storm windows and doors, insulation, weather stripping, etc. Appliances - Purchase and installation are included. Appliances may … (2 comments)
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bank owned rehab: Market your REO Listings as FHA 203KS Qualified
- 05/29/08 01:25 AM
What qualifies your property as FHA 203K??? As long as the home loan is at or under the FHA county loan limits it is qualified.
FHA 203K
https://entp.hud.gov/idapp/html/hicostlook.cfm
HUD has defined eligible renovation as:
OWNER OCCUPIED PROPERTIES ONLY
Repair/Replacement roofs, gutters, and downspouts Repair/Replacement/Upgrade of existing HV AC systems Repair/Replacement/Upgrade of plumbing and electrical systems Repair/Replacement of existing flooring Minor remodeling such as kitchens, which does not involve structural repairs Exterior and interior painting Weatherization: including storm windows and doors, insulation, weather stripping, etc. Appliances - Purchase and installation are included. Appliances may include free-standing ranges, refrigerators, washers/dryers, … (0 comments)
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What qualifies your property as FHA 203K??? As long as the home loan is at or under the FHA county loan limits it is qualified. Condo/Townhomes need to be HUD approved.
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