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Are You Eligible? A Definitive Guide to FHA 203k Loan Requirements

A FHA 203k loan is a perfect financial vehicle for first-time home buyers with limited budgets, especially because the prospective buyer can select an affordably priced fixer-upper or as-is home, and, with one single mortgage, have the funds for both the repairs and the price of the home included at closing. But, before you dive…

The Pros and Cons of a FHA 203k Mortgage

Many home buyers are attracted to an FHA 203k mortgage because it allows the prospective buyer to include costs for renovating older homes or adding energy efficient upgrades to newer homes with one financial product — one loan and one closing will cover the combined price of the home, along with the estimated costs for…

FHA 203k Full vs. Streamline: Which is Right For You?

These days, buying a house is far from being a simple process.  In order to get the best deal, you want to — as they say — buy low and sell high. That means buying houses in good locations for less than they are worth in the long run. Oftentimes, that means buying a house that…

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