FHA 203 (k) Rehab Loans- Important Things To Know

There are some important features to remember when looking into a FHA 203K Rehab loan.  These are great loans for buyers looking to purchase a foreclosure or short sale or for the home owner who wants to update or remodel there house.  Below are a few important things to remember:

FHA 203K rehab loans are a great alternative to second mortgages, home equity lines and construction financing.  Finding an FHA lender who specializes in 203K’s is very important.  You do not want to be dealing with someone who just started learning this program- you need a seasoned lender who underwrites these loans in house.

Feel free to call me with any questions or if you would like to see if an FHA 203K rehab loan is right for you and your family.  You can reach me anytime at 609-217-9409 or via email at jonofrio@village-capital.com.

Jeff Onofrio – Village Home Mortgage – 856-505-6717 – jonofrio@village-capital.com

www.whatisFHA.com / www.myVillageMortgage.com

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