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HUD Homes and the FHA 203k Loan
What is a HUD Home? Are you interested or wondered what HUD homes are and how to finance them? Well, just like properties which are purchased with conventional loans, properties purchased with FHA insured financing also at times go into foreclosure. When that happens those properties are then acquired by [...]
FHA 203k Streamline: What’s in a Name. You might have heard the term “streamline” associated with FHA but did you know FHA has two types of streamline loans? There is the FHA 203k Streamline, used for renovation and remodeling, and there is the “regular” FHA Streamline used for refinancing an FHA loan. Both are designed to reduce [...] The FHA 203k Appraisal: How is it Different? Like all home mortgage loans such as FHA, VA, and Conventional a required appraisal is needed when financing a property. An appraisal is a written analysis of the estimated value of a property and is one of the required items needed for your lender to do your [...]
FHA Homebuyers, If you are considering receiving a gift for the down payment then there are some FHA gift guidelines and requirements you should be aware of which can help make your loan process go easier and more pleasant. Plus your loan officer and lender will be grateful. Gift funds are in your account already now [...] Do you have a question you’d like to ask our 203K Specialists? Just post it here on the blog. Scroll down all the way to the bottom of this page (the QA post page) and type your question in the “Leave a Reply” box and press “Submit” To leave a Facebook comment or question, just enter it [...] “Don’t give up just use another tactic” |
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