Standard/Full 203K Quick Close System
Question: I’m buying a home with a four foot hole in the roof with major fire damage. I’m getting a great price point because of the existing damage.… Read More »Standard/Full 203K Quick Close System
FHA 203K Loans
Streamline/Limited FHA 203K Quick-Close System
New home buyers spend an average of $17,500 in basic upgrades and repairs in the first two years after their purchase and 90% of that is placed… Read More »Streamline/Limited FHA 203K Quick-Close System
Multi-Unit Purchase Using FHA Financing
Thinking of purchasing a three or four unit residential building using FHA financing? It’s a great opportunity. FHA allows one-unit to four-unit purchases for only 3.5% down payment. FHA defines a three or four unit property as “a single family residential property with three or four individual dwellings”.
There are two basic differences from a financing an FHA one or two-unit property versus an FHA three or four-unit property.