renovation: 203K - No longer a dirty
- 06/07/08 07:16 AM
I am located in the Greater Kansas City Market. As many of you are seeing, there is an ever growing surplus of foreclosed and short sale homes available. Additionally, with the credit tightening, FHA has become a more viable option for many current and potential homeowners,both for purchasing and high LTV/CLTV refinances. Yes, FHA has lessened the appraisal requirements, however, sometimes there are just a few small items necessary to bring the house up to par. Maybe even adding new appliances or replacing carpet and/or paint for the client into the loan will help them with initial expenses for the home. I was certified as … (3 comments)
I am located in the Greater Kansas City Market. As many of you are seeing, there is an ever growing surplus of foreclosed and short sale homes available. Additionally, with the credit tightening, FHA has become a more viable option for many current and potential homeowners,both for purchasing and high LTV/CLTV refinances. Yes, FHA has lessened the appraisal requirements, however, sometimes there are just a few small items necessary to bring the house up to par. Maybe even adding new appliances or replacing carpet and/or paint for the client into the loan will help them with initial expenses for the home.;)
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