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FHA 203K Loans – Rates and Costs
Most mortgage conversations start with one question, what is my interest rate? It’s an important question for any potential home-buyer no doubt.
However, when it comes to specialty loan products like the 203K, HomePath Renovation, USDA Rural Home Loans or Construction Loans you need to place as much emphasis on mortgage [...]
Do I Need to Sell My Current Home Before I Can Buy a New One?
Although every situation is different, it is not uncommon for home buyers to qualify for a mortgage on a new home while still living in their current home. Whether you are looking to purchase FHA, FHA 203K, Homepath or Conventional, the [...]
Cash Purchase Now, 203K Loan Later?
If I had a dollar for every time I got this call I would not be typing this post right now, I’d be on the beach. Better yet, if I had a dollar for everyminuteI’ve wasted on the phone going over this I’d not only be on the beach, I’d [...]
Atlanta 203K Deal of the Week – HUD $100 Down
Hud Homes in Atlanta are available for$100 down if you are purchasing as a primary residence. You can purchase AND renovate with a 203K Loans all for $100 DOWN.This HUD Foreclosure is an example of some of the AMAZING deals available on the market. If you [...]
Denver 203K Expert, Jocelyn Predovich, helps you understand 203K loans, how they work and how they can help buyers make the most of this foreclosure driven market.
Listen to Jocelyn, she has the 203K down to an artform.
COmortgageSource.com - Denver’s 203K Mortgage Source.
Seriously, if you are in Colorado you’d better call the expert. Don’t risk your 203K loan [...]
FHA with Repair Escrow – Buying a HUD Home
With home affordability reaching levels not seen since World War II, potential buyers are looking to find the best way to take advantage of the foreclosure market.
One of the best values on the market are HUD FORECLOSURES. Why? Because in Georgia they can be had for $100 DOWN [...]
203K Appraisals – How Do They Work
The 203K Loan appraisal process is mysterious and hard to explain. Wait, no actually, it’s not. It’s pretty straight forward if you understand the how a 203K loan works.
The main difference between a 203B (traditional FHA purchase) and the 203K appraisal process is the latter is based on AFTER [...]
Why Do I Need a 203K Consultant?
As we have discussed time and again FHA 203K loans come in two forms;
Streamline 203K Loan
Consultant 203K Loan
I am not going to use this post to go into major detail about what scope of work or repair type requires a 203K (HUD) Consultant to be brought in the picture. I have [...]
203K Refinance?
The answer is unequivocally YES! Not only can you REFINANCE with FHA 203K financing, but (unlike traditional refinances) we use the AFTER REPAIR VALUE instead of the current value of your home.
That is HUGE! It opens up Renovation Refinances to a boat load of home owners who do not have the current value equity [...]
How to Write a FHA 203K Purchase Contract
If you’re a Realtor chances you are, in some capacity, working with Foreclosures, Short Sales or other types of distressed property.
If you’re not working that market yet then maybe you want to add it to your bag of tricks! If you work that market then you’d better understand [...]
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