Should I use a 203k loan?

Have you found the neighborhood of your dreams but the home was less than desirable? It can be overwhelming to think of renovating a home on your own.  Where ever I go people are asking me about the 203 k loan and who they should contact. I have put together a few of the frequently asked questions about Realtors, Loan officers and inspections.

The Renovation loan program is designed for current and potential home owners to finance both the purchase price and the cost of renovations. What does this mean?  Location, location location! You can now find a distressed home in the neighborhood of your choice. It's ok if you are not a handyman, the 203 k certified contractor can help you with the process.

Are you looking to repair, replace or upgrade plumbing or electrical systems, how about upgrading your kitchen or bathroom. replacing your countertops?  The renovation home loan is a good avenue to take.

What type of home can you buy ? Any type! If you see a home in a neighborhood you desire, then it has the qualifications needed, as long as after the renovations of your home appraised for 110% of after rehab value.

The HUD Home has many options for the homebuyer, with its down payment assistance program and many homes available in your area. Look for a HUD Broker in your area for more information. Arizona or Las Vegas

Seaton & Associates is a company we have worked with for several years with an excellent reputation.

As your 203k consultant, Kathy M Seaton will help assist you through the journey of your 203k home rehabilitation project. From step one with the initial consultation all the way to completion, Kathy will be there to answer all questions and lead you in the right direction. With over 14 years of experience and over three hundred 203k loans successfully completed, you can be assured that your loan will be provided with the highest level of expertise and care.
Confused about who you should contact first? I would recommend a loan officer who is certified in the 203k loan
process.

If you go to Renovation Loan Program, you will find several loan officers that can answers questions for your specific home.
For more information you can contact us: Knipp Contracting

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