Replies (4)
- Hamp Yonce, "Zilluminati"
- Contributions:3507
203k Renovation Loan? If so, it is a great product. It is underutilized. The Lender person you use should have a fair amount of experience with the product, or it could get stressful.
- Thomas Brintzenhofe, "BerksRealtor"
- Contributions:41
I agree, This loan is not being used to its full potential. Always use an Experienced Loan Officer.
- James Ryan, "GreatRateFolks"
- Contributions:1257
FHA 203 b or 203 k are both superior loans. The 203 b is a typical purchase loan, and the 203 k allows for repairs or some construction to be done. Hamp warns you to use an experienced loan officer to avoid stress with the 203 k, I humbly submit even with a superior loan officer, there will be excessive amounts of stress...best wishes, Jim
- Tiffany Bond, "TiffanyBond"
- Contributions:3150
Construction always brings stress if it's not your thing (even if it is at times). Just make sure you have healthy relationships before you go about major remodels on your primary residence...you will probably need them!
203 loan good or bad
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