More Specifics On The FHA 203k Loan...

By
Real Estate Agent with Keller Williams Realty

As a quick follow up to an article we posted last week, here are some more specifics regarding the FHA 203k Loan Program.

Again, this is a great loan for financing HUD Homes, Bank Owned Properties and "As Is" or "Handyman Specials".

From our friends at Indy Mortgage, "Here are some allowable improvements:

  • Roofs
  • Gutters
  • Downspouts
  • Windows
  • Siding
  • Doors
  • Kitchens
  • Bathrooms
  • Room Additions
  • Appliances
  • A/C
  • Hot Water Tank
  • Well
  • Septic
  • Floors
  • Basement Waterproofing
  • Basement Finishing
  • Porches
  • Patios and more!"

If you are anywhere near the Greenwood or Indianapolis area, you know our real estate market is full of HUD Homes and Bank Foreclosures to choose from.

Want to try your hand at bringing some love back in to these once loved homes?  Give us a call at 317.893.1636 or send me an email at Shawna@iShopGreenwood.com 

We'd be more than happy to hook you up with the best deals and the best loan programs for these types of projects.  Contact us today!

This information was originally published at www.iShopGreenwood.com

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Tags:
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Rainmaker
612,114
Mike Young
203kOnLine.com, covering the USA - Las Vegas, NV
FHA 203k Consultant 916-758-1809

If the banks would coach their listing agents to accept 203k offers they would get their properties moved much more quickly. So many of them continue to put "no fha or va" in their listings. They are coming around slowly. thanks for the information.

May 09, 2010 11:17 AM #1
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Rainmaker
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Shawna Ebersole

Greenwood, IN Real Estate
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