Related Blogs on 203k ; FHA 203k Loans Still Available For Buying A Fixer Upper | Home … Related Blogs on Loans……..
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Fha 203k Loans 101
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Tags: buying, day-2009, episode, estate-reality, federally-insured, FHA, FHA 203k, fixer, fixer upper, improvements, lacking-the-funds, loans, michael cardenas, rehab, requires-cosmetic
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And effective immediately, with the exception of 203(k) as-repaired appraisals, "when a buyer is using FHA financing to purchase a HUD REO property, the appraisal that was utilized in determining the list price will remain effective for purposes of obtaining the FHA-insured mortgage. ... In fact, 4.5% securities are above a price of 101 (1 point premium), and if you add the value of servicing onto these 4.75-5.125% 30-yr loans, agents should have a very nice rebate. ...