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November 10, 2007

FHA 203-k Mortgage -- What can it do for you.....


What is the FHA 203(k) Loan?

   

 
The FHA 203(k) allows homeowners and homebuyers an opportunity to purchase or refinance existing homes and finance 110% of the costs needed to improve the home!  The 203(k) is ideal for neighborhood revitalization!  This program is one of the fastest growing mortgage programs in the country.

 

Old house  new house

 

 

 

 

                                                                                     OR

 

 

 

 

 

 

 

What you can do with the FHA 203(k):

 

 

☆       Include all repairs in the mortgage - with a minimum of $5000 in repairs

 

☆       Eliminate health hazards

 

☆       Put on an addition  -  add a second floor

 

☆       Remodel a kitchen, bathroom, etc.

 

☆       Replace Siding, roof, gutters, downspouts, etc.

 

☆       Update the plumbing, heating and electrical systems

 

☆       Install or repair the well and/or septic system

☆       Replace flooring, carpeting or tile

   

☆       Make energy conservation improvements:  Double pane windows and doors, insulation and caulking

 

☆       Add a deck, patio or fencing

 

☆       Repair an existing swimming pool

 

☆       Replace free standing appliances   

 

 

 

Get the answers to all of your questions!

Call Jeff Belonger to help you with your financing needs.

1-888-835-1663

jbelonger@ihmci.com

 

 

 

 

_____________________________________________________________________



For more information on FHA loans, please go to this link. The FHA Expert   You can also go to this group : The FHA Mortgage Group

For more information on how you can obtain your dream home, please click here : Mortgage Financing Options

 

Copyright  © 2007   by Jeff Belonger

 

      

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