Tag Archives: 203k loan

HUD Offers REO Homes for $100 Down in Select States

Posted on October 24, 2011 by admin

In select states, from now into October of next year, buyers need a down payment of only $100 to purchase a HUD-owned REO home.

The buyer must be an owner-occupant, utilizing financing insured by the Federal Housing Administration (FHA). Standard FHA underwriting guidelines apply, and the sale must be for the full amount of the current list price. Continue reading →

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203k – Fact or Fiction?

Posted on September 30, 2011 by admin

By Deborah Garvin; I have a lot of posts about the 203k loan and continue to believe it is the most under used, misunderstood, and absolutely the most creative finance product available in today’s real estate market. Really, what other … Continue reading →

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What is a 203k Feasibility Analysis

Posted on September 24, 2011 by admin

A feasibility analysis has a specific use… simply put, it is used to quickly determine  how much it will cost to renovate, repair or remodel the  property you are considering buying. It is also used approximate the FHA Minimum Property … Continue reading →

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Can I Use The 203k Renovation Loan to Buy a Condo?

Posted on September 14, 2011 by admin

The simple answer is YES, but there are a few simple guidelines you need to follow. Section 203(k) home rehab mortgages may be used for individual units in condominium (condo) projects that have been approved by FHA, the Department of … Continue reading →

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Low Rates, Rising Pessimissm

Posted on September 11, 2011 by admin

By: Diana Olick CNBC Real Estate Reporter “The numbers don’t add up. Mortgage giant Freddie Mac reports the rate on the 30-year fixed hit a new record low of 4.12%, at the exact moment that cohort Fannie Mae released its … Continue reading →

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Tell Your Clients, “Don’t Drop Dollars to Pick Up Dimes”

Posted on August 5, 2011 by admin

Buying a home with an FHA 203k loan is the one time in the vast majority of people’s lives where they will have a substantial budget to make a home look and feel exactly the way they want.  Using the … Continue reading →

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203k Loan – Don’t Skimp on the Renovation!

Posted on August 5, 2011 by admin

Some may say the FHA 203k Loan isn’t for everyone – and they’re right.  But, if you want to make the most of your home purchase and plan to use an FHA loan, the 203k is most certainly an option … Continue reading →

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A Warning About HUD 203k Mortgages

Posted on July 15, 2011 by admin

Not the most stimulating headline, I admit, but it’s a topic that deserves some discussion. Now let’s be honest: who out there even knows what a HUD 203k Mortgage is? Who’s first instinct was that it is a strange program … Continue reading →

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How To Choose a 203k Contractor

Posted on July 5, 2011 by admin

This video contains helpful tips for choosing the right 203k Contractor for your project. Continue reading →

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FHA 203k – Pros and Cons

Posted on June 28, 2011 by admin

FHA 203k Renovation Loans Singer Construction is an Orange County general contractor who specializes in the 203k loan renovation program. We renovate and repair homes for buyers who are using the FHA 203k remodeling loan for their home repairs and … Continue reading →

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