Why would a Consumer want to use an FHA 203k to purchase a home?
By Mike Young, FHA 203k Consultant 916-758-1809
(203kOnLine.com, covering the USA)
The FHA loan program is ideal for a buyer wanting to purchase a home or small investment property. You have the flexibility to purchase a 1-4 unit property and renovated it any way you like to make it "YOURS". I've never looked a buying a home without at least changing the carpets but this loan program allows you to paint, fix what needs fixin' and do it all in one low interest loan. That is correct, you pay points and fees only once, you don't need an additional construction loan and a take out loan when the work is completed. It is all in one loan with the FHA 203k or FannieMae HomeStyle loan programs. Remember it is for a 1-4 unit building... after the construction is complete. That means it might be anything before the work begins. Lets get your creative uses working... lets turn a...
Comments
0