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FHA 203k Loan

The FHA 203k loan can be used to purchase homes that need additional work before the borrower moves in or to refinance a home that is in need of repairs or renovations. Click this site http://203kfhalender.com/ for more information on FHA 203k loan. Anyone can be eligible for this loan as long as he or she is able to make their monthly mortgage payments and meet minimum credit requirements.

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FHA 203k Loan

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  1. 203K FHA Lender Visit Our Website: www.203kfhalender.com Call us : 888-821-5230

  2. Index www.203kfhalender.com

  3. 203K FHA Lender Being an 203k FHA Lender is one thing but being an experienced expert FHA 203k lender is another and that is what you get working with AnnieMac Home Mortgage. Our primary focus is renovation lending and our specialty is the FHA 203k renovation mortgage. We have the experience and know how to make sure your renovation mortgage, whether a purchase or a refinance, is a smooth and enjoyable process. Our goal is to make sure you and your contractor understand your roles and what is expected of you so that we can get to a quick closing. www.203kfhalender.com

  4. 203K FHA Lender As an 203k FHA Lender we are educators- we educate all the parties involved on how to use the 203k and make it work! The FHA 203k can be a tough loan when you do not have the experienced team around you but you have had the right start by speaking with our team here at AnnieMac. Your team includes: • FHA 203k loans have these great features • 3.5% down payment (purchase plus renovation) • Loan amounts up to 110% of after improved value • Ability to finance up to 6 months of mortgage payments • Flexible credit requirements • Purchase or refinance and renovation all in one loan • Low interest rates • Potential to create instant equity www.203kfhalender.com

  5. FHA 203K Lender About Us The Renovation Lending Division of AnnieMac Home Mortgage is a specialized group of professionals focused on the need to help rebuild and renovate American homes. Americans currently have a great need to access affordable loans to simultaneously finance and renovate their homes. Our focus in the Renovation Lending Division is FHA 203K LenderRenovation Mortgages - most banks require either cash offers or the use of a FHA 203k mortgage on foreclosed properties. That being the case, AnnieMac Home Mortgage has made a commitment to becoming an industry leader in Renovation Lending. This division has been created to help customers looking to obtain loans to purchase homes or refinance their existing home. www.203kfhalender.com

  6. FHA 203K Lender AnnieMac Home Mortgage is proud to be recognized as an accredited business by the Better Business Bureau. We will provide you with the highest level of expertise of any mortgage company. Our Licensed Mortgage Loan Originators will make certain your experience is as straightforward and comfortable as possible. We pride ourselves on being able to provide you with personalized loan options that work best with your individual situation. At AnnieMac Home Mortgage, we go that extra mile to build strong relationships with our customers by offering additional benefits that other companies are reluctant or unable to offer. We are dedicated to delivering to you the services designed to improve your financial security and future - it is this dedication that our foundation was built upon. Visit Our website for FHA 203K Lender www.203kfhalender.com

  7. FHA 203k Home Loans FHA 203k Mortgages and First Time Home Buyers A 203K loan is a U.S. government loan managed by the Federal Housing Administration (FHA), which falls under the Department of Housing and Urban Development (HUD). The 203K loan is unique because it bundles a loan for the purchase of an existing dwelling as well as for associated cost of renovations and/or repairs that are required to the existing dwelling. This type of loan used is to encourage potential home buyers to purchase an existing dwelling in an existing neighborhood rather than build a home in a new neighborhood. Many people refer to these existing dwellings in need of renovation and/or repair a fixer upper or a handymans special. By purchasing an existing dwelling in an existing neighborhood it not only improves the look of the dwelling itself but the look of the existing neighborhood as well. Properties that are deemed eligible for 203K Home Loans are single family to four family dwellings that have been completed for a minimum of 1 year. The individual(s) purchasing the home must also make this dwelling their primary residence. www.203kfhalender.com

  8. FHA 203k Home Loans There are actually two types of 203K loans the standard 203K loan and the streamline 203K loan. The difference between the two types of loans lies with the type of renovation and/or repair required to the dwelling, the timeframe it takes to complete the renovation and/or repairs to the dwelling, and the cost of the renovation and/or repairs to the dwelling. There is a specific list of items that do and do not qualify for each type of 203K loan. The minimum permitted loan amount of either type of 203K loan is $5,000. Visit Our website for more information on FHA 203k Home Loans The maximum permitted loan amount of the 203K streamline loan is $35,000. The maximum permitted loan amount for the regular 203K loan is 110% of the value of the property once the renovations and/or repairs have been completed. www.203kfhalender.com

  9. FHA 203k loan FHA 203k Loan Key Features KEY PRODUCT FEATURES OF THE FHA 203K LOAN Many are surprised to find out that you can use a FHA 203k loan to refinance or purchase a property and roll in the cost of rehabilitation and renovation.  This is one of the great ideas behind the FHA 203k loan.  Frequently, we receive calls from customers stating they don’t have enough equity in their home to get a line of credit or enough cash on hand to do the improvements that they would like to in their new home purchase. In a search for a company to meet their needs, they stumble onto my web-site.  This is when they realize that they do have options, and the program that will fit their needs is the FHA 203k loan. www.203kfhalender.com

  10. FHA 203k loan KEY PRODUCT FEATURES OF THE FHA 203K Loan • The FHA 203k Loan Is a loan that allows the buyer to purchase a home without a CO at closing. • Can be used with short sales, REO and foreclosures. • It can also be used to refinance your current mortgage to upgrade your home. • 30 Year fixed rate loan. • Creates equity fast. • Convert commercial 5-6 units to HUD limits of 1-4 family. • Convert single family homes to 4 family homes. • Mixed use properties with no more than 25% commercial space is eligible. • Buyer can borrow up to 110% of the appraised completed value. • Project must start within 30 days of closing and be completed within 6 months of closing. www.203kfhalender.com

  11. FHA 203k Renovation Loan Home buyers can use the FHA 203k home loan program to purchase and renovate a home with one, low-rate mortgage. In addition, current homeowners can use the FHA 203K Renovation Loan to refinance their current mortgage and pay for remodeling work with one mortgage with a low interest rate. • The remodeling calculators provide several benefits to homeowners considering using an FHA 203k home renovation loan. • They provide estimates instantly, and are quick and easy to use. • They can let homeowners know early on if they won’t have enough money for all their plans or if they might be able to undertake more renovations. • They can help homeowners control their remodeling budget and add or replace repair jobs as work proceeds. • They can help homeowners judge if a contractor’s estimate is realistic. www.203kfhalender.com

  12. 203K FHA Lender Follow Us Visit Our Website: www.203kfhalender.com www.203kfhalender.com

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