FHA 203(k) Offers Way To Finance Repairs For Foreclosures

Through an FHA 203(k) loan, potential buyers who want to purchase a discounted foreclosure but don’t have cash for the repairs may find a way to receive financing. Buyer must be a first time homebuyer. If you need more information on how this program works, contact us today at 860-461-0214

http://www.dsnews.com/articles/fha-203k-offers-way-to-finance-repairs-for-foreclosures-2012-06-06

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One thought on “FHA 203(k) Offers Way To Finance Repairs For Foreclosures

  1. This is about easing the pressure on borrowers in a responsible way, but still most of the borrowers who might like to use the program to refinance their mortgages are facing substantial hurdles. You need to have an unblemished record of on-time mortgage payments for the last 12 months. Maybe you were late occasionally a couple of years back. That’s OK. But the last 12 months need to be pristine. That’s why it is imperative that you work with a specialist and someone with a track record, an experienced Realtors would be a great help

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