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ByAnngelli Abenes
Posted on
Dreaming of turning that fixer-upper into your dream home but worried your credit score isn’t up to par? You’re not alone. Many homebuyers are in the same boat, wondering if they can secure an FHA 203k loan with under 600 credit scores. The good news? It’s possible, and we’re here to guide you every step…
ByAnngelli Abenes
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Mississippi homebuyers, have you ever dreamed of a fixer-upper that you can turn into the perfect home but worried about the costs? The solution is simpler than you think: the FHA 203k Rehab Loan. Whether you’re buying a house that needs a little TLC or a complete overhaul, this loan program can help you finance…
ByAnngelli Abenes
Posted on
When you’re looking at buying a fixer-upper, you might come across the term 203k mortgage loans. If you want to buy a home that needs some TLC, the Federal Housing Administration offers great options. In this updated guide, we’ll break down the types of 203k mortgage loans. We will explain their benefits. And we will…
ByAnngelli Abenes
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If you’re a homebuyer in Kentucky looking to buy and fix up a property, FHA 203k loans could be your best option. These loans are perfect for buying fixer-uppers and turning them into your dream home. In this article, we’ll cover everything you need to know about FHA 203k loans in Kentucky. We will include…
ByAnngelli Abenes
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Buying foreclosure can be a smart move if you want to own a property for less than its market rate. The key to maximizing this opportunity is pairing it up with the advantages of an FHA 203k renovation loan. This comprehensive guide is designed to help you get familiar with the ins and outs of…
ByAnngelli Abenes
Posted on
Understanding FHA 203k Rehab Loans After Bankruptcy Securing a home loan after experiencing bankruptcy can be challenging. Still, the FHA 203k Rehab Loan provides a viable path for home buyers looking to purchase and renovate a property. This type of loan is particularly beneficial for those who have faced financial hardships but are ready to…
ByPeter Arcuri
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In this blog, we will cover and discuss the FHA 203k contractor role for homeowners on FHA 203k loans. The U.S. Department of Housing Administration (HUD) is the parent of the Federal Housing Administration (FHA). HUD created and implement the FHA 203k Mortgage Program to promote the revitalization of housing in neighborhoods throughout the U.S….
ByPeter Arcuri
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This guide covers HUD FHA 203k loans manual underwriting guidelines on renovation loans. HUD FHA 203k loans manual underwriting guidelines allow manual underwriting on FHA loans. Most lenders do not allow manual underwriting on FHA 203k loans . Lenders can have higher lending requirements above and beyond the minimum agency mortgage guidelines of HUD. Lenders…
ByMike Gracz
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California FHA 203k Loans are a great home purchase acquisition and renovation loan program with a 3,5% down payment of the after-repair value for homebuyers of fixer-uppers. Homebuyers of fixer-uppers can gut/rehab and/or renovate the home they are buying. California has one of the highest housing prices in the nation. Many Californians are not able…
ByGustan Cho
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In this blog, we will cover and discuss how to refinance into FHA 203k loan from an existing home mortgage. Homeowners who are in need of either basic rehab or need to do a full-blown renovation project on their homes can refinance into FHA 203k loan. This holds true even if they do not have…
ByGustan Cho
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This guide covers home improvement projects that add value to a home. Home improvement can be a good investment and add value to a home. However, over-improving a home for the area is never a good investment. The right-hand rule is that homeowners never want to own the biggest home in the block unless they…
ByMike Gracz
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In this article, we will cover and discuss California FHA high-balance loans in high-cost counties. It is no secret to residents of California that the cost of living is high. California FHA High-Balance Loans makes California home buyers purchase California homes in all parts of the state with a 3.5% down payment. California Housing Prices…
ByGustan Cho
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This ARTICLE On HUD FHA 203k Renovation Guidelines On Home Improvement Loans Home values are appreciating nationwide. Both HUD and the FHFA increased FHA and Conforming Loan Limits the past three years due to rising home prices. FHA Loan Limits are now at $356,362. The Federal Housing Finance Agency (FHFA) increased the Conventional Loan Limit…
ByGustan Cho
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This ARTICLE On Upgrading Your New Home Purchase Prior To Moving In Upgrading Your New Home Purchase before moving in is wise and will make the renovations easier. It is much easier and less work in updating your new home purchase before moving in It is always more work, time-consuming, and costly updating a home…
ByGustan Cho
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This BLOG On How Difficult Is It To Qualify For FHA 203k Rehab Mortgage Was UPDATED And PUBLISHED On July 4th, 2020 The sea was rough that day my friend. Then George pulled the golf ball out of the whale’s blowhole, but where was Jerry Seinfeld? He was conveniently missing during all of this He…
ByMike Gracz
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This BLOG On Mortgage Rates On FHA 203k Loans Versus Traditional Mortgages Was PUBLISHED On July 1st, 2020 FHA 203k Loans is an acquisition and construction/renovation loan all combined in one loan. This type of loan is where a home buyer can purchase a fixer-upper or uninhabitable home that is in need of rehab with…
ByGustan Cho
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This ARTICLE On The Ultimate Guide To Houseplant Was PUBLISHED On May 24th, 2019 Whether you have the yard space or not, it’s nice to include plants inside your home. Indoor plants offer more than aesthetics to the space they’re in. Many indoor plants have major health benefits to consider. Maintaining healthy indoor plants can…
ByGustan Cho
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This ARTICLE On When Do You Need Duct Cleaning Was Written By Staff Writer at Gustan Cho Associates As you continue to heat and cool your home, various allergen particles can accumulate in the vents and ducts. These include dust, pollen allergens, insectfeces, mold, pet dander and obstructions like toys. When these particles are part…
ByGustan Cho
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This Blog On FHA 203k Rehab Loans Georgia Mortgage Guidelines Was UPDATED On November 13th, 2018 The state of Georgia has one of the hottest housing markets in the United States. Besides the great economy in Georgia, many home buyers are migrating to the Great State of Georgia because homebuyers can still find reasonable home prices…
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