What about utilizing an FHA 203K loan?
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What is an FHA 203K loan? – it is a loan that will allow you to purchase a home or condo that is in bad shape, they have money loaned to you to do the repairs and get the property livable.
Who can do these types of loans? – most mortgage brokers can pull FHA 203K money.
Are there any Requirements to be able to utilize this loan program? – absolutely yes – check out HUD’s site that explains the FHA 203K loan in detail.
Make sure you get Good Faith Estimates before you borrow money. On the Real Estate Agent side of the Transaction – make sure you get a Net Sheet if you are the seller – so you can see all of the costs associated with selling your home – Whether in the Santa Clarita Valley or in one of the Surrounding Communities we serve Real Estate.
There are a lot of things that you must be made aware of when it comes to purchasing a home or having someone sell yours. When Refinancing and when you are thinking about Short Selling. There are so many factors – we are here to clear the fog and explain in a Crystal Clear Fashion!
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