Need to know the differences (advantages and disadvantages) of a 203k Loan vs a Title 1 Loan?

I am looking to remodel my kitchen, I have an FHA Loan and my Mtg Broker says both are an option for us. I am looking to NOT place my own $$ up front on the project.

Any answers, opinions and/or advise is appreciated!


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Related results on Need to know the differences (advantages and disadvantages) of a 203k Loan vs a Title 1 Loan?

  1. I am looking to remodel my kitchen, I have an FHA Loan and my Mtg Broker says both are an option for us. I am looking to NOT put my own $$ up front on the project. Any answers, opinions and/or advise is appreciated!

  1. Seems like the banks should take a look at cash offers versus financing offers. If the financing offers are coming in higher, this should be a flag. But I agree, many lenders are requiring the buyer to come up with the difference ...... The most common theme is that who can know what the home will appraise for. As a loan officer in Michigan most of the buyers I work with have agents who will do a market analysis to determine a "ball park" of value based on recent sales. ...

  1. She took out a second loan (called a 203-K loan) to refurbish the place. The total loan amount is about $183000. She says, ?In total, I gave the bank $5087 + $1500 which were all deposit and closing costs.? ...... I know how it USUALLY works- but that really doesn't mean it has to be that way. You're probably right. If I understand it correctly, one of the big differences between corporations and co-ops is that co-op shareholders have one and only one share whereas, ...