FHA 203k Mortgage Loans in El Paso Texas
By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
Special Government Home Renovation Loan Program using FHA 203k Mortgage Loans in El Paso Texas. Many are not aware of a special government loan program that is actually a part of FHA (Federal Housing Administration- a department within HUD). Existing home owners or potential home buyers can remodel and update their homes without having a higher cost second lien because of this FHA loan program. "Luxury items" like a hot tub and a swimming pool are not allowed by this FHA loan program. Repaint, remodel cabinetry in kitchens and bathrooms, add wallpaper, replace appliances and flooring and even a add a room to an existing structure (which will increase the value of the homes square footage). One of the biggest advantages to this government loan program is you have all of your acquisitio...