FHA 203(k) Rehabiltation Loans

What is a 203k loan?

FHA 203K Question & Answer
Q&A: Rehabilitation 203(k) Mortgage Insurance...

What is FHA 203K Streamline Program?
FHA's Streamlined 203(k) program permits home buyers...

Want more information now? Contact one of our FHA Mortgage Consultants to learn how FHA financing can benefit you and get started now with FHA financing! Fill out the Form to the right to get started.

FHA 203K Rehab loans and the foreclosure market

How these loans are playing a big part to the housing rebound

Written by Jeff Onofrio December 9th,2008 - National Future Mortgage Inc. - Branch Manager

The current climate of record foreclosure rates has brought a particular FHA loan category to the forefront of mortgage lending: the FHA 203K rehabilitation loans. While foreclosure properties generally come with a bargain-basement price tag, they also come with a fundamental need for rehabilitation. As a homeowner becomes less financially secure, deferred maintenance remains deferred, until rehab loans become the only way a buyer without huge financial resources and intent on owner-occupation can afford to purchase a foreclosure property. This loan can allow the buyer and loan originator to make a sale work on a property that otherwise could not qualify for the favorable terms offered in federally-backed FHA Loans....continue reading

Get an FHA 203(k) Loan Now!