BORROWER'S GUIDE to the 203k Loan - The hottest rehab loan product on the market
How to "Live Rent Free in America"
Beginner Investors learn how to buy "Mixed Use" and "Small Income Units" using the 203k loan.
How to refinance an existing mortgage and get the money to fix your property. If you recently purchased the home you may be able to get the money to fix up your home without any more money "out of pocket" if under six months seasoning.
How to save money on your next purchase on your appraisal and consultation fees.
A guide through the maze of paperwork associated with the 203k. You get to see what is in those contracts and view our comments on many of them.
If you are considering buying or refinancing you should do yourself a favor and take a look at the 203k. Easiest loan to qualify for, loan amounts recently increased in high cost areas to $679,650 so they can be done in most American neighborhoods. ** Call Mike Young if you want to hear about a new renovation loan product up to $3MM loan amount... NOT FHA of course.
It is clearly my opinion that every home or small income unit sale made within the FHA loan limits should be a 203k. I don't think your home is really yours till you replace the carpeting and repaint. Why would a real estate professional allow a client to purchase a home with a leaking faucet or a bad roof... this loan substantially reduces their potential liability on every sale. All around this is a good deal for everyone involved. Let us know if we may be of any assistance. Click here to purchase now.
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Note: All prices in US Dollars
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