Home buyers in Texas and across the nation are often asking what they can do to ensure a smooth closing. With all of the changes in this industry and to our Underwriting guidelines I have put together a small list of items, which if followed, will aid to make your closing a success.
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There are many componets of an FHA 203k Rehab loan. Sometimes it’s good to get another perspective on the important pieces of this loan. Also it’s important to rememeber that a successful 203k loan takes collaboration from all parties, including the contractor.
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Through the years, the FHA loan program has helped potential buyers achieve their goal of home ownership with reasonable mortgage rates, low down payment and relaxed credit requirements.
The FHA 203k Rehab loan follows all of these guidelines but not only allows for the purchase of a home it allows for the rehab and/or customization of the new home.
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Below are a few key points to keep in mind now that the construction piece of your FHA 203k loan in Texas has begun. We realize a lot of information has been presented to you so now we will highlight some of the key things to remember.
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