|
The Federal Housing Administration (FHA), which is part of the Department of Housing and Urban Development (HUD), administers various single family mortgage insurance programs. These programs operate through FHA approved lending institutions which submit applications to have the property appraised and have the buyer's credit approved. These lenders fund the mortgage loans which the Department insures. HUD does not make direct loans to help people buy homes. (more)
The 203k loan is a HUD approved construction loan for home repair and remodeling. With this loan program you will be able to obtain the home of your dreams.
OK so you've found the home of your dreams, but it needs renovation, then the 203K loan program is an option you need to look into. See if your property is eligible.
You need to take many steps to secure a successful loan, and are required to use a 203K consultant, find out how we can make your vision a reality TODAY!
|
|
