In this blog, we will cover and discuss FHA 203k mortgage process and eligibility requirements. The team at Gustan Cho Associates are experts in originating and funding FHA 203k loans. FHA 203k loans allows home buyers to purchase fixer-uppers and will lend on the acquisition and renovation all in one loan program. Home buyers need…
In this blog, we will cover and discuss refinance after FHA 203k loan to lower rate mortgage. HUD, the parent of FHA, offers the FHA 203k loan programs which are acquisition and construction loans all in one closing and one loan. The greatest benefit of an FHA 203k loan is that, unlike other construction mortgage…
Are you dreaming of owning a home that needs some TLC? Or you’re a homeowner looking to renovate and make your house your dream home. Consider the FHA 203k Mortgage Loan program as a potential option. With this loan, you can fund the purchase (or refinance) and the remodeling of a home using a single…
This guide covers buying a fixer-upper home with a renovation loan. Several types of renovation loans exist for homebuyers and real estate investors. Owner-occupant homebuyers can utilize FHA 203K renovation loans for primary homes. The 2008 real estate and credit market collapse has devastated millions of American homeowners nationwide. Many lenders are wary of lending…