24Apr
Consider The FHA 203K Mortgage Program For Your Needs

Consider The FHA 203K Mortgage Program For Your Needs

The real estate market has faced a lot of challenges in the last five years or so, but things are finally starting to look up again. There is a lot of promise for the market right now and it seems to be growing quite rapidly. Because of this, it's...Read More

5Jul
Finance Foreclosure Fix-Ups With The FHA 203k Program

Finance Foreclosure Fix-Ups With The FHA 203k Program

A lot of foreclosures are on the market after the recent recession and market crash. These are tempting deals for people who are looking for a way to make a quick buck, and they can be affordable and even profitable in some cases. The problem...Read More

1Mar
FHA 203K Closing Costs

FHA 203K Closing Costs

Before an individual decides to use a 203K loan from the FHA to finance their new home purchase, they should take a moment understand the fees and closing costs that are associated with this type of loan. Like virtually every mortgage out there, an...Read More

15Feb
The FHA 203k Mortgage - Buy a Home and Renovate It in 2013

The FHA 203k Mortgage - Buy a Home and Renovate It in 2013

Although the real estate market is on track to see continued improvements throughout 2013 when compared to the previous few years, it is still not where it was a decade ago. It is still a buyer's market out there, but a lot of the homes that are...Read More

31Jan
Can You Afford to Say No to FHA 203K Borrowers?

Can You Afford to Say No to FHA 203K Borrowers?

It's no secret that a lot of real estate agents actively discourage interested buyers from getting financing through the FHA. There are a number of reasons for this, but the most common is the fact that these agents believe that it takes...Read More

4Dec
Why don’t more people use FHA 203k loans?

Why don’t more people use FHA 203k loans?

The 203Kloan was developed in 1978 and administered by the Federal Housing Administration (FHA) for the purpose of encouraging individual(s) to purchase existing dwellings that are in need of repair or rehabilitation. Many times individuals looking...Read More

4Dec
What is the downside of FHA 203K Mortgages?

What is the downside of FHA 203K Mortgages?

First of all, if you are not familiar with the 203k FHA mortgage, it is a renovation loan program, which provides money to qualified individuals to renovate a home that they purchase. Many times the 203k FHA mortgage allows for renovations to a...Read More

4Dec
What Does a 203k Loan Consultant Do For You?

What Does a 203k Loan Consultant Do For You?

When home buyers want to buy a foreclosed or HUD home that needs repairs, the 203k loan program from the FHA is an excellent choice. There are two different loan programs available, the Standard and Streamlined. The Streamlined program is a bit...Read More

29Nov
Understanding the Specification of Repairs

Understanding the Specification of Repairs

The specification of repairs (SOR) is the first step in the process of determining if the existing dwelling you want to purchase actually qualifies for a FHA 203K loan. A FHA 203K loan is a government loan that is administered by the FHA (Federal...Read More

29Nov
Things You Can Do with the 203k Loan

Things You Can Do with the 203k Loan

When you are a first time home buyer, you might not have a variety of different loan options. Since most first time home buyers are young, they might not have a lot of money to spend on a house that is perfect condition or have a lot of money to...Read More

19Nov
Streamline 203K Loan: The Quickest Way to Success

Streamline 203K Loan: The Quickest Way to Success

For those of you unfamiliar with 203 K, a brief explanation is in order. The Federal Housing Administration (FHA) is a sub-department of the Department of Housing and Urban Development (HUD). One of the duties of the FHA is to oversee the 203K...Read More

13Nov
Steps to Take in Order to Move 3 million Properties using a 203k and Other Tools

Steps to Take in Order to Move 3 million Properties using a 203k and Other Tools

Unfortunately, there is currently no viable example of rentals that are government owned that has been successful for taxpayers or the government. Most experts are skeptical that this will ever change. Here are 4 steps to follow in order to move 3...Read More

13Nov
Mixed-Use Properties and FHA 203k Mortgages

Mixed-Use Properties and FHA 203k Mortgages

Mixed-use properties are defined as any property that has a commercial component, as well as a residential component. Some examples might include a doctor’s office, a spa, a restaurant, a law practice and many more. Often times, the commercial...Read More

7Nov
How to Find Professional FHA 203k Contractors and Loan Officers

How to Find Professional FHA 203k Contractors and Loan Officers

You do not have to scour the market for an fha 203k loan officer that is certified. This is because there are no official certification exams, because certification is not necessary. However you do have to find one that is properly trained in 203k...Read More

7Nov
How Does a HUD 203k Inspection Differ from a Standard Home Inspection?

How Does a HUD 203k Inspection Differ from a Standard Home Inspection?

HUD (Department of Housing and Urban Development) is the U.S. government agency that is charge of overseeing home mortgages practices. Among the mortgages loans HUD oversees are the regular 203K loan and the streamline 203K loan. Both of these...Read More

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