The FHA 203k renovation loan allows an existing homeowner to finance up to $35,000 in improvements into their new FHA 203k loan which avoids the need to carry a higher interest rate 2nd mortgage, having two payments, and be subject to future rate increases of a Home Equity Line of Credit.
FHA to the rescue! Call me for more details and to answer your questions!
Marty Qualls, your FHA 203k Expert!
Click here for 203k existing homeowner question and answer
Friday, April 22, 2011
Thursday, April 21, 2011
Thank you and your team for all your hard work on getting my loan!! Buying your own home is such a huge step in life and I'm sooo happy to finally make it!! You guys made the process so quick and easy, I couldn't believe it. I was expecting months and months of a loan process and you guys got it done in about 2 weeks. Your team is AWESOME!!
April 19, 2011 Closing
Tuesday, April 19, 2011
Until recently, it took a rare combination of extreme bad luck and poor judgment for a homeowner to end up under water on his mortgage – that is, owing more than the house is worth. Today, nearly one out of four homeowners is facing exactly that situation. In response, banks and the government are rolling out new programs they say will help – that is, for homeowners who qualify.
Sunday, April 17, 2011
Thank you for all of your help! We appreciate that you were always available to answer questions. Even when we emailed you in the middle of the night you were quick to respond! You made our first home buying experience painless!
Thank you so much!
Andrea & Seth Gabbitas