203k columbia sc: Columbia SC - Why do I need a renovation loan?
- 10/13/23 12:09 PM
Columbia SC - Why do I need a renovation loan?Renovation loans are amazing if you think about it. Realtors - if you don't have what your client is looking for you can add a pool, add a room, update kitchens bathrooms, make the home(s) you do have into what your client needs. Many times over the years I hear there are just no properties on the MLS, well, I hate to break it to you but the MLS is only one place to find homes for sale, you might think about the REIA... ask me about it if you don't know what it … (0 comments)
203k columbia sc: How many draw inspections are allowed on an FHA 203k loan in Columbia?
- 07/10/12 11:14 PM
How many draw inspections are allowed on an FHA 203k loan in Columbia? Just kidding, this is good anywhere in the USA and it's colonies. It is one thing having a guideline and quite another interpreting it. The HUD guideline actually says something like "...a typical project size is $25,000 in construction and no more than five draws would be allowed." Many, including many at HUD now are interpreting that to mean "only five draws are allowed". This is absolutely bogus and not true. Bank of America came out with a rule that once you reach five and there is only one more, you … (2 comments)
Columbia SC - Why do I need a renovation loan?Renovation loans are amazing if you think about it.
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