http://www.youtube.com/watch?v=RvHhBy8rbhY
In San Francisco, Oakland, and Alameda, we are getting more and more requests for 203K Financing which is very exciting. This is the best product in the real estate finance industry hands down! It may not make you the most money, purchase prices can be on the low end. It definitely isn’t the easiest loan out there but there is no such thing as an easy loan anymore . And yes, there is more paperwork in a 203K.
That being said the 203K is the only loan that appreciates months after funding. There are a lot of things put into place to cut values in recent years, expiring high balance loan limits, HVCC, risk based pricing by GSE’s the list goes on….
The 203K takes a property unfundable by conventional means and makes it appreciate within months!
For More information on 203K Financing:
4 Marketing Tips for 203K financing:
The Truth About 203K Financing
http://the-buzzz.com/2011/05/06/the-truth-about-the-203k-rehabilitation-loan-in-san-francisco/
203K Full vs Streamline

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