In this market there is no better loan than the FHA 203K renovation loan if you are looking to spruce up your current digs (or looking to purchase that foreclosure down the street with no appliances). One loan based on after repair value at an affordable fixed rate. FHA 203K loans were built for this market. You can get up to 95% of the current value of your home and up to $35,000 in repairs ($31,500 plus 10% contingency) with the Streamline 203k refinance. You can get up to 96.5% of the purchase price plus the repairs up to $31,500 plus contingency. Sounds complicated, then call me. Let me help you with the process. *NOTE: This loan will not work for foundation repair or landscaping. Manufactured homes are OK as long as foundation and tie downs are installed prior to inspection.
Delinquency on your mortgage is a serious business. There are counselors available through several sources to help you if you are in trouble. Don’t lose your home because you were unwilling to ask for help. There are numerous agencies that are available to help home owners with their finances. If you can’t find someone locally, call the number for HUD. There are times that even tough people need help. There are positive ways to make it through tough times.
There are some really great people here that
Yep, you read it right. Straight up FHA Purchase Loans require a higher down payment than a FHA 203K Renovation Loans do. Is there really any reason not to talk to an expert about a Georgia FHA 203K Renovation Loan? I’d bet that most houses on the market today could use an upgrade somewhere.
Bob Briscoe, Eugene Planning and Development Department, announced at our Town Hall meeting last week that Eugene had recently received over $600,000 and Springfield over $300,000 through HUD’s new Neighborhood Stabilization program. The money is a grant to be used to purchase foreclosed properties for owner occupied purchases and very low income housing, probably though non profit organizations. [...]
In November, HUD announced the “long-anticipated mortgage reforms that will help consumers to shop for the lowest cost mortgage and avoid costly and potentially harmful loan offers.” The effect of this change in RESPA and Good Faith Estimates on lenders and consumers after implementation will be quite extensive. Real Estate loans will have significantly different disclosure [...]
Changes to the HOPE for Homeowners (H4H) program were announced last week by HUD. I am hopeful that these changes will give the program the jumpstart that it needs to make it more viable as a way to help more distressed borrowers refinance into affordable, government-back mortgages. The changes are supposed to reduce the program [...]
The bevy of 100% financing options that were available as recently as a year or two ago, for the most part, have gone the way of the Edsel. They are extinct, for the time being at least. They may have disappeared with many of the rest of the loan programs we had grown accustom to, but that doesn’t mean you still can experience the dream of home ownership with little to no money down with FHA or USDA Rural Financing in Georgia and Alabama. Here’s how…
About Fred Chamberlin with Alpine Mortgage Planning in Eugene: With over 20 years of real estate lending in Eugene Oregon, Fred specializes in first-time home buyer FHA, VA and USDA mortgages. I have been in the mortgage business for over 20 years and working in the Eugene/Springfield area for more than 15 years. I am a native Oregonian [...]
FHA 203(k) Streamline is not what you expect when you hear 203(k). It is not the cumbersome program of old that required a consultant, nor does it require a general contractor. There are limits as to what can be done with the program, but overall, it is great for those “fixer-uppers” that need some cosmetic [...]
Everyone wants a great deal on buying their next peice of Real Estate and buying a HUD Repo Home and a very special FHA HUD REPO Home Loan, could be your path to finding just that… a GREAT deal in Arizona Real Estate. What Exactly Is A HUD Repo Home and how can an FHA [...]
*This is not an offer to lend. 
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