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.
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
_____________________________________________________________________
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
The FHA 203-k mortage sounds like a good deal for homeowners who are thinking about renovating or repairs. These type of endeavours can cost quite a bit of money so it's not surprising that this loan is quite popular.
Posted by: FHA Rates | March 14, 2011 at 06:16 PM
Many homeowners will need to perform repairs at one point or another. If a FHA rate can make the process easier then it's definitely an option be considered.
Posted by: FHA Rates | June 20, 2011 at 04:40 PM
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