fha 203k: Higher interest rates can help your business
- 05/13/22 11:28 AM
Higher interest rates can help your business What happens when the interest starts climbing? Fewer buyers in the market make fixers that much more attractive. The FHA still has a lower downpayment than most other loan programs. If you are doing business where there are a lot of older homes, or homes over a year old that need work you should consider yourself very lucky indeed. You are sitting on a gold mine of sales. Example: Needles CA has an abundance of homes that qualify for a 203k 1. Older homes 2. Small homes that could be added onto 3. Single family homes that you add an ADU … (1 comments)
fha 203k: The FHA 203k is alive and well in Seattle and surrounding areas
- 04/22/17 11:47 AM
The FHA 203k is alive and well in Seattle and surrounding areas ...and anywhere else in the USA. This program is to allow buyers and owners the ability to get the money to make needed repairs, updating, or handicap access. Yes, you can use this program to improve access to the property, ramps, widening doorways, installing larger doors, etc. If you cater to the rehab industry. This can be huge to assist families to get those needed improvements for a family member to allow them to live unassisted. The freedom to move around, in and outside the home to make their lives more meaningful. It … (1 comments)
fha 203k: Santa Rosa Home Show this weekend
- 03/19/16 12:27 AM
I'll be manning a booth a the Santa Rosa Home Show at 1350 Bennett Valley Rd, Santa Rosa, CA if you get a chance stop by and see us. We are there to respond to your questions about renovation loans, FHA 203k, HomeStyle Renovation, and other products including the Title I loans. Investors and home buyers, homeowners, etc are all invited to join us.
3/21/2016 Thanks to all who stopped by this past weeked in Santa Rosa, glad to see you. The show was interesting, lots of contractors there, two remodel associations were represented. I've been asked to speak at one of their upcomming meetings … (0 comments)
fha 203k: Miami FHA 203k consultant
- 12/13/15 10:49 AM
Miami FHA 203k consultant on the move. Jimmy Fitzgerald is the son of Tommy Fitzgerald in Ocala and is off and running with his 203k business. Jimmy has been a contractor for a number of years and as you know that makes the best consultants as they are already well equipped to complete competent bids. It is important for a 203k consultant to be able to look at a contractor bid and see that it is a fair bid and not overinflated. When business gets good the prices can go way out of kilter as you know. Part of the consultant's job is … (1 comments)
fha 203k: 203k is a "spread the wealth" product
- 06/19/11 06:07 AM
The concept behind the 203k originally was to "Spread the Wealth" therefore the set up some "confilcts of interest". You can't be the appraiser. the contractor, consulant and the lender, etc at the same time on the same project. Taking that a step farther when you put a 203k project together and are putting the work out to bid... make every attempt to use contractors who are in the neighborhood where the home is or hire from that neighborhood. An investment in a home is a big investment. If you want the neighborhod to thrive you must "support it" by shopping … (1 comments)
Higher interest rates can help your business
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