The Federal Housing Administration (FHA) administers various single family mortgage insurance programs. The 203(k) program allows for the rehabilitation and repair of single family properties. Foreclosures are key candidates for these loans.
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Latest Blog Posts for FHA 203(k) Loans
- Need an FHA 203K Contractor in New York?You may find the home of your dreams, but the home may be in need of some work. With an FHA rehab/ restoration mortgage, you will have one loan which includes the mortgage and the cost of repairs combined!The mortgage amount is based on the projected...
- Your HUD Home can be Your Dream Homeon Nov 4, 2009If you are thinking about buying a REO property that needs repair, FHA's 203(k) rehabilitation loan or it's simplified alternative, the Streamlined(k) may be a good option for you. FHA's simplified Streamlined(k) program for small-scale repa...
- FHA 203(k) Loans Featured on NBC News4 New York!on Oct 9, 2009NBC Reporter Lynda Baquero and Gary Matzelle from Advanced Restoration Corp.On Monday, October 5th, NBC News4 New York featured a story on FHA 203k loans. The parties interviewed included Advanced Restoration Corporati...
- Why Renovate With a 203(k) Streamlined Rehab Loan?Because You Can!I'll keep this very brief...You are purchasing a home that needs minor repairs (repairs under $35,000 qualify for a streamlined loan). Incorporating the rehab into your mortgage payment allows you to have just one payment.
- You are thinking about buying a home foreclosure on Long Island, but the properties you are looking at need serious rehabilitation. What Can You Do?You may want to apply for an FHA 203(k) restoration loan through an approved lender!The purchase of a...
- 203K Rehab Loan Q & A SummaryIf you are thinking about purchasing a foreclosure in disrepair (needs rehabilitation), you should look into applying for an FHA 203k loan. The 203k program is HUD's primary program for the rehabilitation and repair of single family properties. As su...
- 203K Loans Made Simple? Yes, for Your ClientsSource: Colleen CraigSanta Clarita, CAMore about Colleen… Southern California Mortgage ProfessionalOffice Phone: (661) 310-8536 Cell Phone: (661) 310-8536Email Colleenhttp://www.colleencraig.com 203k MADE SIMPLE?Okay, maybe not, but I will attempt...
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- 203(k) Loan Application ProcessThe 203(k) Rehab Program is available through FHA approved lenders and is available in New York. Here is a brief summary that provides the process for homeowners interested in applying for a 203(k) loan:-Homebuyer Locates the Property-Preliminary Fea...
- What are Streamlined 203(k) Loans?Foreclosures continue to dominate the real estate market and as a result, many homes are left in disrepair. If you are contemplating the purchase of a foreclosure requiring minor repairs, you may want to consider a "Streamlined" 203(k) loan. The Stre...
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