fha refinance: THE FHA 203(K) PROCESS - 05/14/12 07:22 AM
 
 
 
The FHA 203(k) is a great loan, and these steps will provide you with a road-map to understanding the process.
 
 
 1)    Buyer works with realtor to find the right property, or owner is ready for renovation on their existing property.
 
2)    Get pre-approved by lender for the price range and repair estimate.
 
3)    Go to contract on the house noting that it is FHA 203(k) financing (for a purchase).
 
4)    Buyer meets with HUD Consultant on site to complete the work write up and estimate of repairs.
 
5)    Lender … (2 comments)

fha refinance: FHA 203k rehab loans- Question and Answer- Part 2 - 01/13/10 01:29 PM
Hi guys- thanks for reading our last post about FHA 203k rehab loans.  We have received a few more questions and as promised I am going to answer them here for everyone to read.  I am hoping to have a few contractors and a good 203K consultant I know to do a Question and Answer here for you in the next few days.  Enjoy the information and feel free to contact me with any questions regarding the FHA fixer upper loans!
Question #1- What are the steps when buying a house with a FHA 203k rehab loan?          
I took this … (3 comments)

fha refinance: FHA 203K Rehab Loan- Scenario- Adding Square Footage - 11/09/09 12:10 PM
FHA 203K loans are great for borrowers who are looking to refinance and also for purchases.  I wanted to use this blog, and the next few posts,  to show you examples of how you can use the fixer upper loan for certain situations. 
A customer of mine who has owned her home for the last 4 years decided to contact me about adding on some square footage.  See in her community there are many homes that have 2 levels and the average square footage was around 2,000 square feet.  When she came to me her home had 1,050 sq ft and … (3 comments)

 
Jeff Onofrio, FHA 203k Lender and Homestyle Reno Specialist (AnnieMac Home Mortgage )

Jeff Onofrio

FHA 203k Lender and Homestyle Reno Specialist

Mount Laurel Township, NJ

More about me…

AnnieMac Home Mortgage

Address: 700 East Gate Drive, 4th Floor, Mt. Laurel, NJ, 08054

Office: (856) 505-6717

Mobile: (609) 217-9409

My blog is here to provide information regarding FHA 203K loans and conventional renovation loans for both purchase and refinance. Updates, tips and advice regarding these loans and the industry is what you will find on this blog!


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