Oct
23
2009
Buying a Fixer Upper with an FHA 203k Loan
Posted by: in Home Mortgage Online, tags: Beautiful, Diamond, Diamonds, Excerpt, Fha 203k Loan, Fha Loan, Financing Products, Loan Program, People, Piece Of Coal, Random, Rehab LoansRandom Feed wrote an interesting post today on
Here’s a quick excerpt
Most people are familiar with using an FHA loan to buy a home. If your home and income qualify, it can be one of the most competitive financing products out there. However, what if you find a beautiful piece of coal that just needs some polishing to become a diamond? It takes cash to mine diamonds and you probably don’t want to plunk down everything out of pocket. That’s where the FHA 203k loan program comes in handy! There are other rehab loans on the market but generally they require
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