napa: I need a swimming pool at my new home is the FHA 203k gong to help?
- 02/15/14 02:40 AM
No, sorry to say, BUT WAIT, we have a program that will do that very thing. The FannieMae HomeStyle Renovation will allow you to install a brand new pool and do the other repairs you may want to do. You don't gain the 10% advantage on the appraisal but otherwise it works very much like the FHA 203k program. So, if you need a swimming pool or need to complete a partially completed pool, the FannieMae product may fit your need better. The FHA 203k can include repairs to an existing pool up to $1,500 but that would not do much … (4 comments)
napa: 203k is alive and well from Clearlake Oaks to Charlotte
- 12/13/10 02:01 PM
Clearlake Oaks is a hot bed for the FHA 203k Loan Program and yet still underutilized in that area. When I drive through the town we see lots of very small homes right on the main drag... I'm talking homes that can't be 400 SF which is TOO SMALL to get FHA financing UNLESS you increase the size. That means the home could be perfect in every other way and you merely add on to it to get it to the minimum 650 SF FHA needs to make the loan. I live in Charlotte NC and we have lots of little … (2 comments)
napa: 203k properties - Clearlake Oaks, CA
- 08/22/10 05:57 AM
Well we have done some interesting properties this year already. 3 modular homes which are a little unique in that we had to use the existing foundation and remove the original modular home that was on those foundations on two of them but the third was an older, small stick built home on a permanent foundation where it was coming off and a larger modular home, was being put in it's place. The wonderful thing about modular homes these days is that the costs are so well controlled since they are built in a factory that the home owner reaps the … (1 comments)
No, sorry to say, BUT WAIT, we have a program that will do that very thing. The FannieMae HomeStyle Renovation will allow you to install a brand new pool and do the other repairs you may want to do. You don't gain the 10% advantage on the appraisal but otherwise it works very much like the FHA 203k program.
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