Saturday, May 8, 2010

The Perfect Loan for a Fixer-Upper

The FHA 203-k rehab loan allows you to purchase your next home with a REMODELING BUDGET. What house wouldn't want a little TLC before having its owner move in?
• US Citizen
• 3.5% down payment
• 2 months 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
Room Additions
• Detached
• 1-4 Unit (Duplex / Triplex)

$5,000 min repairs needed
$697,000 max loan amount
Ask your loan rep if this program may work for you. If you need referrals I would be happy to provide them. Call me at: # 760.788.0721

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