Among
the Most Popular and Well Known of The Renovation Loans Available In The
Market
Today’s buyers may love the idea of a
renovating a distressed property – this does not mean they want to live
in a construction zone for the next five years. So how can the FHA
Standard 203(k) Rehabilitation Mortgage help both you and your customers?
This specialty FHA program allows buyers to finance either the Purchase
or Refinance of their home and the cost of repairs in one mortgage loan.
Program Highlights
·Structural
changes are allowed
·Improvements
to outdated homes, kitchens, bathrooms and structural deficiencies
·Can
be combined with the FHA Good Neighbor Next Door (GNND) program
·Additions
and expansions – IMPROVE
Instead of Move!
