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How Does the 203k Rehab Mortgage Loan Work?
By Leesa Sandoval
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
Read MoreIs It Worth Doing It Yourself? Fannie Mae HomeStyle Can Help You
By Leesa Sandoval
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The FHA 203k Streamline Renovation Loan: Home Rehab Made Easy
By Leesa Sandoval
Don’t miss an opportunity to bid on a home that needs light cosmetic updating. Why, you ask? The answer is simple, purchase using the FHA 203k streamline renovation loan. Unlike FHA’s full 203K program, an FHA Streamline 203K loan eliminates much of the paperwork to obtain rehab funds. Also the guidelines were recently updated to allow for roof work to be included; it’s no longer considered a major structural repair which is great news!
Read MoreUsing the FHA 203k Loan Program to Build Equity
By Leesa Sandoval
Using the FHA 203k loan to rehab your home and build equity. Instead of a traditional home equity loan the FHA 203k loan allows you to refinance the current mortgage and add money for repairs. It ends up being a new single lien at a great FHA rate without the hassel of the home equity loan process.
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