QUESTION OF THE DAY:
Can I purchase a home in need of major repairs with a FHA loan?
TAWANA'S ANSWER:
Because the FHA wants to make sure that the property is safe, secure and structurally sound, FHA will demand that any defects in the home (not meeting FHA standards) will have to be remedied before the loan will be approved. There is another loan product that you may qualify for and is perfect if you plan to purchase a fixer-upper. This is the the 203 (k) rehab loan. You can find more information here:https://portal.hud.gov/hudportal/HUD…
Feel free to call. text or email me, ANYTIME!
Tawana Bourne, Your Enthusiastic REALTOR 💖 💖
Berkshire Hathaway HomeServices
RealtorTawanaBourne@gmail.com I 860-834-1220
What's Your Home Worth? Get three automated Estimates - Instantly by going here (no cost, and no obligation): www.bhhsne.findbuyers.com/tawanabourne
Download my FREE eBooks to aid you in your REAL ESTATE endeavors www.realtortawanabourne.com
Stay Connected With Me on Social Media:
www.facebook.com/realtortawana
www.twitter.com/realtortawana
www.linkedin.com/in/realtortawanabourne
www.instagram.com/1realtor_tawana.bourne
www.realtortawanabourneblog.wordpress.com
Can I purchase a home in need of major repairs with a FHA loan?
TAWANA'S ANSWER:
Because the FHA wants to make sure that the property is safe, secure and structurally sound, FHA will demand that any defects in the home (not meeting FHA standards) will have to be remedied before the loan will be approved. There is another loan product that you may qualify for and is perfect if you plan to purchase a fixer-upper. This is the the 203 (k) rehab loan. You can find more information here:https://portal.hud.gov/hudportal/HUD…
Feel free to call. text or email me, ANYTIME!
Tawana Bourne, Your Enthusiastic REALTOR 💖 💖
Berkshire Hathaway HomeServices
RealtorTawanaBourne@gmail.com I 860-834-1220
What's Your Home Worth? Get three automated Estimates - Instantly by going here (no cost, and no obligation): www.bhhsne.findbuyers.com/tawanabourne
Download my FREE eBooks to aid you in your REAL ESTATE endeavors www.realtortawanabourne.com
Stay Connected With Me on Social Media:
www.facebook.com/realtortawana
www.twitter.com/realtortawana
www.linkedin.com/in/realtortawanabourne
www.instagram.com/1realtor_tawana.bourne
www.realtortawanabourneblog.wordpress.com
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