FHA 203k Rehab Loan Texas | Mortgage Video & Blogging Community

FHA 203k Renovation Loan Series (Part 4) – Texas

On June 19, 2009, in Tips And Advice, by Leesa Sandoval

Written by: Leesa Sandoval |

Texas - 972-407-7922

Now that you know what’s allowed with the 203k Renovation Loan in Texas it’s important that we discuss what’s not allowed. Any luxury item and/or improvement that does not become a permanent part of the property is not eligible. Some of those items include:

Recreational/luxury items such as hot tubs
Barbecue pits, satellite dishes, tennis courts or out door lighting
Additions or alternations to support commercial use or to refurbish
Refrigerators or small appliances

It’s very evident there are just a few limits to this loan program. Now that you know the basics please feel free to call or email Leesa Sandoval for more information or to apply.

Leesa Sandoval
972.407.7922 / 214.202.0491
lsandoval@primelending.com
www.leesasandoval.com

About the author

Leesa Sandoval

My name is Leesa Sandoval and I am a Senior Loan Officer with PrimeLending, A PlainsCapital Company. I currently have over 8 years of experience in the mortgage industry. While I do have the ability to write a wide variety of loans I have developed a niche in doing rehab loans. With more foreclosures on the market then ever evolving into the specialty of renovation lending just made sense. The range of rehab loans include FHA 203k, FannieMae HomeStyle, FannieMae HomePath and Escrow Hold Back. Whether selling a home that needs help or wanting to buy a foreclosure that needs work call me and I will walk you through how renovation loans work. Contact Information: Direct: 972.725.9110 Cell: 214.202.0491 Fax: 866.908.3424 Email: info@203kRehabNow.com Website: www.203krehabnow.com

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