FHA Loan

So you are on the home hunt? Everything you see is a foreclosure right? Beat up, vandalized and in need of repair, that describes most of the Atlanta foreclosure housing stock. Distressed property presents a challenge and an opportunity all at once.

Due to the lack of traditional mortgage financing, foreclosed homes sit on the market longer than a move-in ready purchase.

However, potential home-buyers armed with the right Atlanta Renovation Specialist and a little patience are regularly buying homes at a 30 – 50% discount. How?

Renovation financing! Fixer-uppers are not eligible for traditional mortgage loans. Your average loan officer is not equipped with renovation loan products or the knowledge to execute them.

Without an outlet for experienced renovation loan products, fixer-uppers have a reduced buyer pool. A reduced buyer pool means a discounted purchase price. Huge savings for the SAVVY home buyer!

FHA 203K Renovation Loans

How Can 203K Loans Be Used? 203K Renovation Loans can be used in a couple of different ways:

• Purchase & Renovate
• Refinance & Renovate

Here Are Just a FEW of the Ways You Can Use  203K mortgage financing:

• Appliances – Fridge, Stove, Washer, Dryer – Why not go ENERGY EFFICIENT and save every month you own?
• Flooring – New hardwoods, fresh carpet & endless POSSIBILITY
• Paint – Inside & out
• Bathrooms – Update or ADD a additional bath
• Kitchens – Completely renovate or just change the cabinets or counters. Your call!
• HVAC / AC – Get rid of that old energy wasting HVAC or AC & save BIG
• Water Heaters – Replace that old heater, Why not go TANKLESS?
• Doors / Windows – Decorative or for Energy Efficiency
• SQ Footage Additions – Love the LOCATION, but need more space? ADD IT!
• GREEN Improvements – Energy Efficient Appliances, Solar Panels, Tankless Water Heaters…
• Siding – Lose the dated VINYL, update to HardiPlank
• Low Flow Toilets / Showers / Sinks  - In Atlanta these might be REQUIRED, regardless water savers are just plain SMART
• Basement Build Outs – Use 203K to make that MAN-CAVE or even that Mother-In-Law suite
• Roofing – Repair, Replace upgrade to TIN, your call

FHA 203K loans are versatile and perfect for today’s foreclosure driven real estate market. CURRENT condition of the property is NOT a concern. All the property issues that plague traditional FHA Mortgage Loans CAN and WILL be addressed in the post-close RENOVATION of the property.

If you are a potential Home-Buyer, Buyer’s Agent or mega REO Listing Agent – FHA 203K Loans can help you!

You may be thinking sure, in theory this sounds like a great idea, but you may have read the internet horror stories about the 203K process. They are TRUE, this is not an easy loan. In the hands of an amateur then you might very well become one of those discussion board malcontents.

Use a 203K Specialist

An experienced loan officer makes all the difference. You need a 203K SPECIALIST. That’s why we decide to focus exclusively on this market several years ago. 200+ renovation loans later, nobody knows the 203K Loan Process better than we do.

So What IS a FHA 203K Loan then? It’s a little bundle of awesome and the best mortgage loan product on the market. PERIOD.

Don’t believe me? Complete the contact form on the right and we will personally contact you for a FREE FHA 203K Consultation and show you how awesome 203K loans are!

If you want to know Streamline 203K eligible repairs then check the linked paged out. We have CONVENTIONAL RENOVATION  loans too.

Trust your 203K to an experienced , successful, proven 203K expert.

Looking for more info? We have it!

203K Loans – The Process

203K – Basics and Guidelines 

203K Streamline – Allowable Repairs?

Consultant 203K – Why Do I Need a Consultant and How Can They Help Me?

Need an Investor Renovation Loan? – Know Your Renovation Loan Options

Is the 203K Renovation Limited to $35,000 In Repair?