If you are buying a home in Ramona or San Diego County that needs some work, why not look into all your loan options, including the 203K?
The FHA 203-k rehab loan allows your clients to purchase their next home with a REMODELING BUDGET. What house wouldn't want a little TLC before having its owner move in. Contact one of our reps today to learn more about this program.
GUIDELINES:
* US Citizen
* 3.5% down payment
* 2 month reserves
* In need of a house
* Full Doc / 620 min credit
* LTV up to 96.5% of completed value
HIGHLIGHTS:
* Cracked Slab
* Room Additions
* First-time Home Buyer
* Investors
* Room Additions
PROPERTY TYPES:
* Attached
* Dettached
* 1-4 Unit (Duplex / Triplex)
$5,000 min repairs needed
$697,000 max loan amount
Call us today at 619-749-2300 or Email performancemortgage@cox.net
Information provided by:
Joel Kemp
FHA Specialist
Performance Mortgage Services
performancemortgage@cox.net
619-749-2300
Real Estate Broker-CA Dept. of Real Estate- License #01154928
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