Welcome to the Nationwide Home of HUD FHA 203k rehab loans!
HUD 203k rehab loans help first time home buyers roll the purchase and all repair money into one safe low rate FHA 30 year fixed mortgage. The best part? FHA only requires 3.5% down and you don't make payments until you move in. It's easy to qualify too; you apply just like any other mortgage.
Absolutely the best Foreclosures REO or short sale Financing Do you have your eye on a foreclosure or bank owned short sale fixer upper? Use the 203k loan to put a dream kitchen and marble bath! I believe its the best way to to make money in this market and stabilize home values. Can you imagine how much your neighbors will love you for fixing up a foreclosure or short sale on their block? That's because most 203k loans end up being appraised 20-25% more than the cost of the entire project!
The 203(k)rehab loan also works on multi unit rehabs and mixed use housing.
No Rehab Minimums! You can use the 203K loan just to update the kitchen or bath or to preform a major gut rehab.
My Direct number (773) 307-8484 Please feel free to call me anytime because I love to talk about ways the 203K loan can be used. I will tell you about the young couple who got their dream home and made $167,000 in equity! Thanks for visiting. Here is the HUD FHA 203k rehab link FHA 203K homepage
William Egan