203k loans, the hottest renovation loan product on the market. Offering quick closings on homes that require repairs.
ARCHIVED BLOG POSTS
We see lots of interesting foundations, here is a recent one with some home owner engineering One beam was cut apparently to make room to crawl under a portion of the home and when nothing fell down they left it that way. When one isn't working don't fix it just add another post. Why not... lo...
In the mid 1990's when investors were allowed into the FHA 203k for purchasing and renovating properties Non-Profit Organizations were also. Then investors were removed from the program due to the fraud a number of them perpetrated. Non-Profit Organizations weren't and are still allowed to purcha...
The Bad News - Well most of you may have already heard that the FHA maximum loan amounts are going in the toilet. Down in many areas by more than $100,000. The high limit of $729,750 is about to become more in line with FannieMae at $625,500. This will take a whole bunch of clients out of the ma...