Profile picture for tinnie35

203 loan good or bad

  • January 09 2010 - Fort Washington
  • 0
    0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

Answers (4)

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.
  • January 09 2010
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

I agree, This loan is not being used to its full potential. Always use an Experienced Loan Officer.
  • January 09 2010
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

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
  • January 10 2010
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

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!
  • January 10 2010
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.