Comments for 203k Home Loan Rehab.com

Comment on Buying A Home In As-Is Condition by Lisa B.

Lisa B. — Mon, 23 Apr 2012 02:23:26 +0000

Hi Kevin,
I am considering purchasing a home listed on land contract. It sits on a decent piece of land but the house is in pretty bad shape. The roof is collapsing and it’s not even livable currently. The owner owns a contracting company and he gave me an estimate of $45-$65,000 to rehab and said this would be a new home from ground up. The cost obviously would depend on any upgrades etc. He is willing to accept a small down with monthly payment or sell whole thing outright for a reduced amount. Would this qualify if I owned on contract or would I have to own the property outright. Is this even a situation that would quality for 203K loans? Thank you.
Lisa

Comment on The 203k home loan, Streamline style by The 203k loan. It's time to give this loan a second look. | 203k Home Loan Rehab.com

Wed, 11 Apr 2012 19:57:11 +0000

[...] 203k loan has been around for well over 25 years and the 203k Streamline loan was revamped in 2005 to make it more consumer and Realtor friendly. I say Realtor friendly [...]

Comment on The 203k home loan, Streamline style by Contractors Need to be Coached on 203k Loan | 203k Home Loan Rehab.com

Contractors Need to be Coached on 203k Loan | 203k Home Loan Rehab.com — Wed, 11 Apr 2012 19:52:06 +0000

[...] 203k Home Loan Rehab.com 203k Loan Information for Borrowers and Realtors in California 800-506-0632 ext. 1 Skip to content Eligible RepairsLoan Options203k Myths203k Loan Guide203k Loan Video Search « The 203k Loan. Give it a Second Look. The 203k home loan, Streamline style » [...]

Comment on The 203k home loan, Streamline style by Home Equity Meltdown is rebirth of the 203k loan | 203k Home Loan Rehab.com

Home Equity Meltdown is rebirth of the 203k loan | 203k Home Loan Rehab.com — Wed, 11 Apr 2012 19:49:17 +0000

[...] 203k loan that I’m referring to is the 203k streamline. It is an FHA loan so it also requires a minimum of a 3.5% downpayment and a minimum 620 credit [...]

Comment on Guest Columnist: How A HUD Consultant’s Inspection Differs From A Standard Home Inspection by Banks are foreclosing and warming up to the 203k loan. | 203k Home Loan Rehab.com

Wed, 11 Apr 2012 19:47:19 +0000

[...] of shape their asset is in and someone qualified, such as a contractor, home inspector, or even a HUD Consultant has written out an estimate on the repairs. This will aid the bank to price the home right to sell [...]

Comment on The 203k home loan, Streamline style by 203k Streamline Needs a HUD Consultant | 203k Home Loan Rehab.com

203k Streamline Needs a HUD Consultant | 203k Home Loan Rehab.com — Wed, 11 Apr 2012 19:43:59 +0000

[...] 203k Streamline is gaining some steam and increased Realtor acceptance. However, with the increased popularity comes [...]

Comment on The 203k home loan, Streamline style by How to Sell a Property with Broken Windows | 203k Home Loan Rehab.com

How to Sell a Property with Broken Windows | 203k Home Loan Rehab.com — Wed, 11 Apr 2012 19:40:24 +0000

[...] the seller probably won’t have the funds to fix the window. So what to do? Embrace the 203k Streamline loan. It allows minor cosmetic repairs to be done after escrow closes. The loan allows you to get a loan [...]

Comment on The 203k home loan, Streamline style by Realtors battling sellers over fixits-why? | 203k Home Loan Rehab.com

Realtors battling sellers over fixits-why? | 203k Home Loan Rehab.com — Wed, 11 Apr 2012 19:38:47 +0000

[...] with the purchase of this property. Not in the form of a seller concession, but in the form of a 203k Streamline loan. It fixes all the above problems and can limit the begging and pleading of the seller to fix [...]

Comment on The 203k home loan, Streamline style by Buying A Home In As-Is Condition | 203k Home Loan Rehab.com

Buying A Home In As-Is Condition | 203k Home Loan Rehab.com — Wed, 11 Apr 2012 19:37:05 +0000

[...] both of these situations. Whether you have broken windows, or an undesirable yellow kitchen the 203k Streamline gives you up to $35k in remodeling funds to update/remodel and fix the health and safety issues. [...]

Comment on The 203k home loan, Streamline style by 203k loan do it yourself repairs not always allowed | 203k Home Loan Rehab.com

Wed, 11 Apr 2012 19:35:03 +0000

[...] is within the FHA rules to allow do it yourself work on the 203k Streamline loan and the 203k Standard loan. However just because FHA has this guideline doesn’t mean a [...]