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What type of Home Loan Sign In/Join 
posted
If a person wants to purchase a home and rehab it, such as on "Property Brothers', what type of loan are they getting? I have been told by several Agents that the 203K is not available any longer.

Thanks,
Tamar
 
Posts: 1 | Registered: Nov 26, 2013Reply With QuoteReport This Post
Picture of real estate lady
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Will you be an owner occupant? FHA203B is not elgible for investors.

I have not heard the program is no longer available.
Best to find a Realtor who is familiar with the program in your town. Start there, get pre-qualified FHA...then go find the house with your Realtor.

This message has been edited. Last edited by: real estate lady,
 
Posts: 9261 | Registered: Aug 14, 2007Reply With QuoteReport This Post
Picture of rker321
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Property bros, is a program that usually originates in Canada. does that make a difference?
 
Posts: 5003 | Location: 0 | Registered: May 31, 2007Reply With QuoteReport This Post
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hello takers! I'm not sure what area you are in but FHA 203k loans are still around. And real estate lady is correct, the property has to be bought as a primary. Note that there is a difference between a 203k and 203b. 203k's are for repairs over 5,000 and 203b's are for repairs under 5,000. Make sure you specify when contacting a mortgage consultant. Hopes this helps!
 
Posts: 1 | Registered: Dec 03, 2013Reply With QuoteReport This Post
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Home loans can be very beneficial for property buyers, as they not only help you buy your dream home, but also help you save on taxes. Do remember to choose the right home loan and research well of Home loan companies.


quick house sale
 
Posts: 6 | Registered: Mar 17, 2014Reply With QuoteReport This Post
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As American struggling more and more to pay off their mortgage payment, the demand for mortgage loan increases. You should take mortgage loan according to your needs and income.

Need to know more about property management visit here: http://www.murrieta-propertymanagement.com/
 
Posts: 1 | Registered: Apr 11, 2014Reply With QuoteReport This Post
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Message sent to Robert Planks:

Members of the message boards appreciate most contributions. Also, members of the boards follow the rules and do not appreciate people who do not. We will welcome future posts once you read the rules about no advertising. Many of us are pros and would love to advertise our business but respect the rules and do not.

If you post again and continue to advertise - we will contact your company and let them know that you are doing them a disservice.


Fun and Info
 
Posts: 3528 | Location: Coastal SC | Registered: Jan 10, 2006Reply With QuoteReport This Post
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