Back to Results
Please enter a valid email address.
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.
Please enter text in the "Enter the text to display" field.
Please enter text in the "Enter URL" field.
Please enter a valid URL.
Please insert a video embed only
I never want it to be said that I'm not looking out for a consumers best interest because this statement certainly won't appeal to my fellow loan consultants in the industry... If you can get 20-25k cheaply via your home equity line and it's at a relatively low rate, it's probably best to go that route and close with a standard FHA loan on your new home. If you don't have a lot of equity on the line or you'd prefer not to use it, the 203k is still an excellent option at 0.25-0.375% above standard FHA rates.I just wrote a 4-part primer on rehab loan options, I won't spam the 4 posts here (post size limit) but you're free to read it here:http://www.zillow.com/advice-thread/203K-Loan-Possibility/433665/You'll want to scroll down a bit, there are some self-promotional posts above mine (or sort by most recent). In case at some point the link is deleted, you can search for "203k Loan Possibility" in the zillow search field and you'll find the same thread.
Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.
For Sale: $169,900
For Sale: $192,500
For Sale: $239,900