FHA Mortgages Suit Many, but There Are Downsides

Some in the mortgage industry are concerned that clients who obtain FHA loans find themselves facing more baggage now than in the past. Certainly, FHA is a good option for those buyers who either can’t come up with the minimum 5 percent down payment that Fannie Mae and Freddie Mac now require, or have credit challenges. … Continue reading FHA Mortgages Suit Many, but There Are Downsides

Buy and Fix a Fixer-Upper with a 203K Rehab Loan

With the beginning of the competitive spring buying season, you may be interested in buying a fixer-upper. If so, the FHA 203K rehab mortgage is something to consider. The 203K program allows you to purchase a home and obtain the money to make improvements to it in one mortgage. While it is a more involved … Continue reading Buy and Fix a Fixer-Upper with a 203K Rehab Loan

A Rehab Mortgage Can Be an All Around Win-Win

With warmer weather on the way and lots of properties still available for purchase (especially those in need of some TLC), the FHA 203K rehab mortgage is something you may want to consider. The 203K program will allow you to purchase a home and borrow the money to make improvements to it in one mortgage. … Continue reading A Rehab Mortgage Can Be an All Around Win-Win