Congratulations go to Rob Gilroy for his work on educating the local Realtor Communities on the FHA 203k loan program. Rob is very knowledgeable and has a good understanding of how it can be implemented.
In the short time he has been working in that area on the 203k he has a very respectable number of projects underway and we certainly appreciate it. Thank you Rob.
If you need a presentation in-house for your group or association please contact Rob or I and we'll get it set up. It really makes allot of sense when you think about it. If you are all educated in the ways of this loan product it is easier to present and to accept these loans.
Rob and his team are helping people with their dreams one house at a time and that is powerful. Keep up the good work Rob.
If you haven't already heard the FHA maximum mortgage amount has been lowered on all loans that close after 9/30/2011 to $625,000 in this area but when that is added to the down payment it continues to be the best option for the many buyers in this market. Fannie Mae and Freddie Mac have followed suit and dropped their loan limits as well.