All About The 203k Rehab Mortgage If you’re a homeowner, you may have a list of home improvement projects you’ve been meaning to tackle. If you’re shopping for a home, you may have seen listings in need of significant TLC, but which are in great neighborhoods. In both instances, a 203(k) Rehab Mortgage may be
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Good Idea or Bad Idea When Considering a 203k Loan Over 50% of homebuyers struggle to find the right house. Does that sound familiar? You find the perfect neighborhood after weeks of searching, but all the local properties need renovating. Older homes lack amenities modern buyers are looking for. Starting renovations after purchasing a property isn’t possible for many because 33% of
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It’s your dream house. It’s in your price range, in your neighborhood, in the good school district. And it’s ugly. The paint is peeling. The downspout is hanging by a single nail. And are those single pane windows? You have 100% of your available cash tied up in your down payment. How do you get the home of your
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Buying a home can be both fun and exciting. But what if you found a home that meets all your needs except that it needs a little or even a lot of work? You may think twice about making an offer because of the perceived expenses to make those repairs. Not to worry, the FHA 203k
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FHA 203k Standard Mortgage Program Project Fort Worth TX Even though this house needed some work this customer really loved it and worked with the seller for months on negotiating the deal. His realtor was familiar with the 203k renovation loans and put him in touch with Leesa and a contractor. Because of this program he
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Flood Insurance In the devastating aftermath of Hurricane Harvey, many are starting to look to rebuild. Some are finding that they don’t have adequate insurance, no flood insurance and in some cases no insurance at all.Insurance experts say that only 20% of homeowners in Harvey’s path of destruction have flood insurance. This means that 80%
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FHA 203k Standard Mortgage Project Lancaster TX This homeowner has been in this house since the late 90s. He wanted to stay in the house and make some updates since it was an older property. This program allowed him to make some major renovations including expanding the master bathroom and closet, remodeling the kitchen and remodeling
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