Buying a Foreclosure? Consider FHA 203 Rehab programs

charlotte real estate

Buying a Foreclosure? Consider FHA 203 Rehab programs If you're a home buyer considering purchasing a foreclosure, FHA's 203 rehabilitation programs might be a good fit for you. The programs are designed to allow a client to roll the cost of the home's rehabilitation into the mortgage. Repair estimates must be submitted and performed by a licensed and insured contractor in order to be … [Read more...]

Buying a Fixer upper? FHA 203 Rehab Loan

charlotte real estate

Buying a Fixer upper? FHA 203 Rehab Loan The FHA 203 rehabilitation loans are designed for clients interested in buying a home that needs repair. The 203 rehab loans allow the client the ability to roll the cost of the repairs into the loan amount. How many 203 loans are there? There are 3 types of FHA 203 rehabilitation loans. They are the 203(b), the 203(k) and the 203(k) … [Read more...]