16May
The Growing Popularity Of Renovation Mortgage Loans

The Growing Popularity Of Renovation Mortgage Loans

Although 203k renovation mortgage loans are not a new concept, their popularity continues to increase month after month. The 203k program benefits individuals who want to purchase a fixer-upper home or renovate the ones they currently live in. In...Read More

5Mar
Is A 203k Renovation Refinance Loan Right For You?

Is A 203k Renovation Refinance Loan Right For You?

If there is one thing you can always say about life, it's that change is inevitable. With certain changes, memories get created while other changes are those that we would just as soon forget altogether. Throughout it all and regardless of these...Read More

12Dec
What Can You Do With A 203k Loan?

What Can You Do With A 203k Loan?

The FHA 203k loan was created to help home buyers get the money they need to buy and fix up a distressed home of some kind. Because there are so many on the market, the government created this program to help revitalize communities and give more...Read More

3Dec
What The World Series Can Teach You About FHA 203k Loans

What The World Series Can Teach You About FHA 203k Loans

The playoffs of any sports season are always a good time. When you are watching your favorites, you can often find a lot of analogies for daily life. The FHA 203k loan is one of those things that you can learn about. What is this? It's a rehab loan,...Read More

26Nov
Turn Your Doubts Into Dreams Come True With FHA 203k Loan

Turn Your Doubts Into Dreams Come True With FHA 203k Loan

You don't have to go far to see a rundown house, a foreclosure sign, a vacant property, or a home that's got yellow signs in the window saying that it's under possession of the bank for some reason or another. Distressed properties are available en...Read More

20Nov
The Perks Of Pursuing An FHA 203k Loan

The Perks Of Pursuing An FHA 203k Loan

The majority of consumers have never even heard of a mortgage known as an FHA 203k. It probably sounds more like a financial account to some people, but it is actually a new lending option that consumers can use to help with their home ownership...Read More

13Nov
The FHA 203k Loan Is The Perfect Combination

The FHA 203k Loan Is The Perfect Combination

Everyone likes to get more for their money. A combo is a great thing, which is why you find so many things put together for a single price and so many people buying them up for the good deal. With an FHA 203k loan, you're getting the money to buy a...Read More

1Nov
Short Sales, Foreclosures, And FHA 203k Loans

Short Sales, Foreclosures, And FHA 203k Loans

Short sales and foreclosures are common topics lately. In light of the mortgage crisis, there will be something for just about everyone to choose from in these areas. Of course, most of the time people assume that these deals are for investors only....Read More

18Oct
Refinance Your Loan With An FHA 203k

Refinance Your Loan With An FHA 203k

The FHA 203k loan is already a mystery to a lot of people. It is rarely discussed and although it has a lot of benefits, people aren't aware that it exists in most cases. Those who do learn about it typically do so in the sense that the 203k can be...Read More

2Oct
Perks Of Using The FHA 203k Loans For Home Improvement

Perks Of Using The FHA 203k Loans For Home Improvement

The Federal Housing Administration, or FHA, has been helping Americans become home owners for years. This group was created specifically to back funding for mortgage loans in certain situations to allow borrowers who might otherwise be high risk to...Read More

12Sep
Fixer Uppers And The FHA 203k Loan

Fixer Uppers And The FHA 203k Loan

Distressed properties are an investment opportunity for many people. Despite their low prices, however, these properties aren't available to every buyer out there. The problem is that because they need so many repairs, they are considered a huge...Read More

5Aug
Finance Your Home Repairs With FHA 203k Loans

Finance Your Home Repairs With FHA 203k Loans

The FHA 203k loan options are the Federal Housing Administration's way of helping more people become homeowners. There are two different loan programs: the full 203k and the streamlined 203k. These loans do still have regulations and guidelines that...Read More

20Jun
FHA 203k Mortgage Loan Benefits And Advantages

FHA 203k Mortgage Loan Benefits And Advantages

The FHA 203k loan isn't a mystery anymore. This loan that has been limited with information until recently can offer you a lot of different ways to save money and help people buy, rehab, renovate, and redo homes in the community that might need some...Read More

7May
FHA 203k Loan 101

FHA 203k Loan 101

The FHA 203k loan is a mystery to a lot of people. Some don't even know that a loan like this exists, but it is one that can actually help a lot of people out. The federal government has plenty of lending solutions available through the Federal...Read More

26Apr
Erasing The Stigma Of The FHA 203k Mortgage Loan

Erasing The Stigma Of The FHA 203k Mortgage Loan

The FHA 203k loan has a lot of fear and stigma surrounding it for the sheer fact that people just don’t know what it is or how it works. In a world where people think the world owes them a living, it can be hard to explain a mortgage problem like...Read More

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

7Nov
First Time Home Buyers Can Benefit from FHA 203k Mortgages

First Time Home Buyers Can Benefit from FHA 203k Mortgages

If you are a first time homebuyer, you have probably been warned about the unexpected expenses that come with owning a home. Down payments and closing costs are just two of the expenses that come with owning a home, but most first time home buyers...Read More

7Nov
FHA 203K Mortgages and First Time Home Buyers

FHA 203K Mortgages and First Time Home Buyers

A 203K loan is a U.S. government loan managed by the Federal Housing Administration (FHA), which falls under the Department of Housing and Urban Development (HUD). The 203K loan is unique because it bundles a loan for the purchase of an existing...Read More

1Nov
FHA 203k Mortgages & Multi-Unit Family Properties

FHA 203k Mortgages & Multi-Unit Family Properties

If you are not familiar with the FHA 203k loan program, this program was designed to help finance the repair and the rehabilitation of dwellings. This program is administered by the Federal Housing Administration (FHA). Many times potential buyers...Read More

31Oct
FHA 203K Loan Key Features

FHA 203K Loan Key Features

The primary key feature of the FHA 203 loan is this loan is really a combination home loan and home improvement loan. This loan bundles these two loans into one making this type of loan ideal for a homebuyer who wants to purchase an existing home...Read More

30Oct
FHA 203k loan - Questions & Answers

FHA 203k loan - Questions & Answers

Since the 1930’s the FHA (The U.S Federal Housing Administration) has been providing Americans with the chance to make major improvements to their property and homes by means of their FHA loan program. Almost 40 million homes have reaped the...Read More

25Oct
FHA 203k... The Contingency Reserve

FHA 203k... The Contingency Reserve

The 203K loan program is a government program administered by the Federal Housing Authority (FHA). This program has been in existence for decades – it became less popular during the 1990s and started gaining again in popularity starting in the...Read More

24Oct
Eligible Improvements Using FHA 203K Loan

Eligible Improvements Using FHA 203K Loan

If you are not familiar with a FHA 203K loan, it is a type of loan available from the U.S. Federal Housing Administration. The FHA 203K program first became available in 1978 for the purpose of helping individual(s) purchase existing dwellings that...Read More

24Oct
All You Want to Know About An FHA 203k Mortgage

All You Want to Know About An FHA 203k Mortgage

An fha 203k mortgage is really an FHA mortgage with a couple of clauses attached. Money is saved in the escrow and used to either do small or large improvements to a property. Different types of fha 203k loans are available. The first is called a...Read More

16Oct
This Old House: 203K Loan Program Overview

This Old House: 203K Loan Program Overview

When one begins to describe anything involved in government programs it begins to sound like a verse from "Old Macdonald Had a Farm" (E-I-E-I-O). Every department seems to have under-departments. Each has its own acronym. Alphabet soup has nothing...Read More

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