What Is A 203k Loan

Dated: 01/07/2015

Views: 1188

What’s a 203k loan?

A 203k loan is a loan offered through the Federal Housing Administration hence… FHA 203K loan. The FHA is a government agency who designed these loans to encourage lenders to fund “risky” home purchases. What do I mean by risky?? Well….those properties in despair and in need of total rehab.  Quite dangerous walking through one. Some questions you may be asking…

  • How can I qualify?

  • What type of down payment would I need, if any?

  • Which houses qualify?

  • Which repairs qualify?

  • Do the repairs have to be done in a certain time frame?

  • Who can I ask for more info?

There are so many different types of loans and programs out there. Some with little to even no down payment. Programs for teachers and police officers and more. Click here to get specific info on financing your next home or income property by the expert! Free advice and review of credit and program placement available!

Click HERE!!

Blog author image

Wendy Todoric

Wendy is a full time realtor who enjoys selling and meeting people. She also sells Avon with her time and provides the utmost customer satisfaction. With her background in Business and Marketing and p....

Latest Blog Posts

Open House

Sat 8/13/16 Open House 1-4pm 236 Rafkind Rd, Bloomingdale,

Read More

OPEN HOUSE SUNDAY 24 July

Immaculate, updated ranch, corner lot, two bedroom, 1.5 bath, laundry room, huge basement, plenty storage, garage, central air, professionally landscaped design with fruit trees, plants, gorgeous

Read More

What Is Your Home Worth

What’s YOUR HOME WORTH??  FREE MARKET ANALYSIS OF HOME WORTH!!!What is your home worth? Click here for a detailed market analysis. Free and at no cost to you. Detailed package mailed to

Read More

Whats My Home Worth

What’s YOUR HOME WORTH??  FREE MARKET ANALYSIS OF HOME WORTH!!!What is your home worth? Click here for a detailed market analysis. Free and at no cost to you. Detailed package mailed to

Read More