loan: FHA 203k Loan for Home Rehab
- 06/05/13 12:58 AM
Perhaps you have never heard of the FHA 203k loan, but it is one of the best loans out there - especially now. Why now? There are a lot of foreclosures on the market. Many have deferred maintenance. Some have been vandalized. Most need at least some repairs, improvements or appliances and the FHA 203k loan is the perfect loan product for these situations. Realtor.com says that these loans are designated for homes which are damaged or sorely in need of rehabilitation, but that's not all you can use them for. You can even use a 203k for a refinance if … (1 comments)
www.peggyloans.com Peggy Wilson, Michigan mortgage banker offers useful tips for daily living. She explains different loan programs, translates mortgage guidelines into understandable language and helps Realtors get their deals to the closing table with the least amount of hassle.
Perhaps you have never heard of the FHA 203k loan, but it is one of the best loans out there - especially now. Why now? There are a lot of foreclosures on the market. Many have deferred maintenance. Some have been vandalized. Most need at least some repairs, improvements or appliances and the FHA 203k loan is the perfect loan product for these situations. Realtor.com says that these loans are designated for homes which are damaged or sorely in need of rehabilitation, but that's not all you can use them for. You can even use a 203k for a refinance if … (1 comments)
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