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How To Renovate A Townhouse in Brooklyn Volume 1 Edition 2
This Hub blog is the second in a journey to renovate a 112-year old townhouse in Brooklyn. Walk through the house with me and Hubbie to see just what it is we're getting ourselves into.
6 commentsRepairs, Updates, and Green Renovations with the 203k Mortgage Program
The 203k program is a mortgage option available to qualifying home buyers that can help eliminate those worries. The 203k mortgage also provides home buyers an option for adding green products to the home. Using a 203k mortgage to make your new home a green home can not only add value but save money.
1 commentUnderstanding the FHA 203K Loan Program and How It Can Benefit Home Buyers
This article will help you gain understanding on what an FHA 203k loan is. It also explains some of the advantages to this unique loan.
4 commentsThe FHA 203k Program
The FHA 203k program was designed to address the Catch-22 that exists for buyers who need to "fix up" or renovate their property in order to make it livable. Traditionally, lenders will only advance funds based on the current value of a property....
4 commentsWhat Are the Mortgage Assistance Programs Available to You?
Description of mortgage assistance programs.
2 commentsFHA 203k Loans
FHA 203k loans solve a major problem for homebuyers. When your new dream home is a fixer-upper, getting a mortgage can be tough. Your bank won't lend the money to buy the house until the repairs are complete, and the repairs can't be done until the purchase house has been settled. FHA 203k loans were designed to address the Catch-22 that exists for buyers who need to "fix up" or renovate their property in order to make it livable. How do you pay the mortgage, pay for renovations, and pay rent,
0 commentsFHA 203K NC
The FHA was developed during the housing crisis of the Great Depression in order to get more people into homes and stabilize the market by offering low interest, government-backed loans. At a time when so many people faced eviction, these loans were...
1 commentNC 203K Renovation Loan
FHA-backed 203K loans were created with the intention of getting a first time buyer into a new home without burdening them with costs they could never handle. There is a chance that you looked at foreclosed distressed properties and considered them for their affordability.
0 commentsWhat is an FHA 203k mortgage?
What exactly is an FHA 203k mortgage? An FHA 203k mortgage is essentially a regular FHA mortgage. However, it has a special component which is an escrow account that allows the customer to be able to purchase or refinance a property and...
0 commentsHome Rehab/Foreclosures...Ineligible FHA 203k Streamlined Repairs
Ensure a Licensed & Insured Contractor (with 203k knowledge) completes your repairs! What items remain ineligible for the Streamlined 203(k) program? Now more than ever, more and more homebuyers are focusing on the FHA 203k Streamlined Program....
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