Our Rehab Workshops and Continuing Education classes provide good information to the homeowner/rehabber as well as the professional realtors and loan officers trying to help people make better decisions about rehabbing and buying properties. Register now.
Partnered with FHA-approved lenders, the Department of Housing and Urban Development (HUD) administers the Section 203k program to motivate the rehabilitation of single family properties.
Visit the HUD website for an overview of the program.
The rehab construction has to meet the HUD Minimum Property Standards. Visit the Homes & Communities section of the US Department of Housing and Urban Development’s website on 203k Rehabilitation for a list of Questions and answers regarding property types that qualify.
Also learn about
The Streamlined 203k program offers homebuyers additional financing to renovate their home before it is occupied. For more information on this program, read the HUD Mortgage Letter 2005-50.
203k Rehab program allows the homebuyer to refinance or take out a mortgage along with the amount need to make repairs with a down payment of about 3.5%. To learn how to apply for a 203k laon, visit the Funds for Handyman-Specials and Fixer-Uppers page of the HUD website.
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Contact me for referrals to a 203k Expert Lender, Realtor or Contractor.
Thanks again for all your hard work, concern, your volunteer work, and patience. You did a great job and I am truly thankful.