FHA 203K MADE EASY

1. Broker’s best mortgageLET US SHOW YOU How The FHA 203K or FNMA HomePath Loans can be your core marketing strategy for first time Home buyers FHA 203K MADE EASY  LET US EXPLAIN HOW TO SHOW YOUR HOME BUYERS A WAY TO TURN A 3.5% DOWN PAYMENT ON A DISTRESSED HOME INTO A 300% INCREASE IN EQUITY AS A HOME BUYER’S AGENT OR YOUR REO LISTING. WITH NUMBERS LIKE THESE YOU CAN’T HELP GET A CONTRACT ! WE WORK WITH REAL ESTATE AGENTS TO CREATE A SUCCESSFUL CLOSING! The FHA 203K loans allows your client to FINANCE the cost of the repairs in the new loan. What does this mean and how does it work? A recent client bought a house for $87,000 that needed $39,429 in repairs, making the total COST $126,429 and the After Improved Value came in at $146,000! In this scenario we closed our Agent’s Listing with a base loan amount of $124,503 or 3.8717% (down payment, closing cost and prepaids) for their Home Buyer. MAKE SURE YOU DON’T MISS OUR WEBINAR SO WE CAN SHOW YOU HOW TO DO THE SAME. CRUCHING THE NUMBERS IN REAL TIME Negotiated Sales Price $87,000 Cost of Rehab $39,429 Sub Total $126,429 After Repairs Subject To Value $146,000 Initial Inv (3.5% Down Payment/Closing Cost and Escrow $4895 Equity Appreciation after rehabilitation $19,574 Recognized Appreciation after repairs $14,680 John McKibbon (225) 612-0019 Broker’s Best Mortgage