Tag Archives: 203k

Trulia says more foreclosures coming. Do you know how to sell a 203K home?

Posted on December 29, 2011 by admin

Real estate research and marketing firm Trulia said employment figures improved slightly at the end of 2011, making it possible for more borrowers to pay their mortgages next year.  While Trulia says this trend could reduce 2012 delinquencies, the company … Continue reading →

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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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FHA 203k Has Gotten So Much Easier!

Posted on October 16, 2011 by admin

What most home buyers are not familiar with is an underused FHA program called the 203k. Now before you run screaming out of the room, let me give you a few words of encouragement. The FHA 203k has gotten easier…lots easier! For those agents that decide to dive in and take advantage of this program, the opportunities are limitless! Let me explain. Continue reading →

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FHA 203k – The Problem With “Self Help”

Posted on October 11, 2011 by admin

This article was written by my friend Jonathan Blackwell. He is an expert 203k renovation lender. Call him, Georgia – 404-551-3845 As a 203k renovation contractor, I recently had a very, very, very bad experience with a home owner who … Continue reading →

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Build Instant Equity; The Secret Loan Program

Posted on September 28, 2011 by admin

5 Secret Ways To Add Value To Your Home. Adding value to your home to build equity isn’t really a secret. The problem is that so many people don’t have the equity right now to finance home improvements which then add … Continue reading →

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Over Come Buyer Objections with the 203k Renovation Loan

Posted on September 26, 2011 by admin

The 203k Renovation mortgage is the BUT LOAN! It takes care of all seller objections with the house, becasue all renovation, ugly repairs, smelly carpet, roof leaks, room additon, kitchen remodel of their dreams can rolled into one mortgage.

Ask your clients this, “If I could take care of the ( fill in the objection ), would you like to make an offer today?” 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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Buy Low and Renovate! Mortgages Can Pay For Home Renovation

Posted on September 16, 2011 by admin

Two little-known home renovation mortgage programs offer solutions for buyers and homeowners who want to renovate. Fannie Mae and the Federal Housing Administration have home renovation mortgage programs that allow buyers to borrow based on what the house is expected … Continue reading →

Posted in 203k Rehab Loan, Home Buying, HomePath Mortgage | Tagged , , , , , , , , , , , , , , , , | 1 Comment

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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