What's New in the Mortgage Industry

FHA 203K Rehab Loan

August 18th, 2009 12:04 PM by Susan Larson

Well I made it through the 90+ degree race weekend in Michigan and I now have no voice. Very strange because I just woke up like that.  I heard there was a good article in the paper the other day regarding the FHA 203K rehab loan.  This loan is great for buying any property that needs repairs.  I know that it happened to me while I was looking to buy a house, if just the kitchen didn't have this or had this or didn't like the bathroom.  These loans are great for that....change it the way you want it.  This loan is used to purchase and get the money to rehab all in one FHA insured loan.  The repairs are done after closing.  You can also use this program for refinance loans, as well.  There are quite a few appliances you can add in there too.  So, call us today for more information on this great program.

 

Posted in:General
Posted by Susan Larson on August 18th, 2009 12:04 PM