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Home Path Renovation of FHA 203K

Profile picture for bluegrover
Edit "Home path renovation OR FHA 203k"

Hi,

I've found a house in Georgia that requires renovation. It is eligible for Home Path Renovation loan. Should I also consider a FHA 203k?

Is it possible to close before 30 Apr if I make an offer in the next week or two?

Does anyone have any recommended contractors? Any recommendations for the FHA 203k? I know i'm limited with who I can work with on the Home path renovations.

Your help and advice are appreciated.
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February 09 2010 - Atlanta

Replies (9)

Profile picture for Zilluminati
Yes.
Yes.
No. I don't. You may try posting a similar query on the Home Improvement threads.
No, not really. There's a guy in Ga, named Clay Branch, that I would call and ask though. He may not do 203K at all.
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February 09 2010
Profile picture for Justin Kennedy
try Flagstar bank, they shoud be able to offer both. Home Path renovation and 203k. with the homepath you could recieve the 3.5% seller credit speical offered. i feel the 203k will offer better terms and financing options, lower amount for down payment and better rates. as for contractors, call around to a few local FHA cost consulants they will have knowledge of contractor that offer quality workmanship  and understand the 203k process.
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February 09 2010
Fidelity offers 203k.  Not sure about home path, but 203k sounds like a good way to go.
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February 22 2010
Profile picture for David Rider
You are better off with the 203K. While many lenders say they will do the Homepath Renovation loan in truth, many just offer the HomePath, not the renovation. You should be able to find a 203K specialist in your area.
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February 23 2010
Profile picture for GAHomeMortgages
[Deleted for self promotion]
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March 11 2010
Profile picture for SDMortgagefinder
Paul

No Spamming or self-promotion please per Zillow guidelines
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March 11 2010
203K is usually a cheaper and better loan than the Homepath
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July 17 2010
Profile picture for 203K Specialist
better late than never?
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July 17 2010
Late is always better than never
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July 17 2010
 
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