Dogwood Estates (Brooksville, FL)
By Jim Poole, Zero Down, USDA Purchase Loans, FHA 203(K) Rehab & VA Streamline Loans
PURCHASE AND REHAB YOUR HOME IN BROOKSVILLE FLORIDA WITH AN FHA 203(K) LOAN - Most home buyers are turned off at the sight or even thought of buying a fixer-upper; a foreclosure or an older home today. However, educated and informed home buyers are utilizing the FHA 203(k) loan to buy their new home and fix it up with no additional out-of-pocket expense. The FHA 203(k) loan is a tool that savvy home buyers, successful contractors, Realtors and mortgage originators have been using since 1978. An FHA 203(k) loan is very similar to the traditional FHA loan. The only real difference is that with the FHA 203(k) loan, the home buyer is adding money to their mortgage balance to finance-in any repair/improvement cost. Whereas the traditional FHA loan requires that certain repairs be done befor...
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By Jim Poole, Zero Down, USDA Purchase Loans, FHA 203(K) Rehab & VA Streamline Loans
The FHA 203k Construction and Rehabilitation Loan Programs In Pasco County Florida will be one of the most desired loan programs being offered for the next 3 to 5 years on bank owned and foreclosed properties. The FHA 203K is designed to allow buyers to purchase a home and borrow additional money to make improvements to the property up to a total acquisition amount of $303,000. The program only requires a down payment of 3.5% of the total acquisition cost. Example:         Sales Price                     $270,000.                        Improvements                $33,000.                      ____________________________                       Total Acquisition              $303,000.                        Down Payment (3.5%)     $10,605. AS-IS Feature This program is specifically desi...
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Brooksville, FL Real Estate Professionals