Are you trying to buy a property in Texas or across the nation that is in need of minor repairs and you have a seller unwilling to make those repairs? Would you like a program that allows you to not to have to come out of pocket with the funds for the repairs? Well if so I have a solution for you – our Escrow Holdback Program.
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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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When doing an FHA 203k Rehab Loan anywhere in the nation there are a couple of things to consider. First of all the property maybe in poor condition and some repairs maybe required…such as foundation or roof repairs. Secondly there are the cosmetic upgrades that aren’t necessarily required but that will make the home more to your liking and these changes can add great value to the home.
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The 203k Renovation Loan is a great way to purchase a new home in need of repairs or renovate your current home. Think of it as a one-time-close construction loan but with more relaxed standards because it’s insured by FHA. below are some of the highlights and some useful information but to discuss your unique situation or to apply please give me a call today.
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