FHA 203k Renovation Mortgages are a product that all home buyers should at least consider in their options when looking to buy a home. Not to say that the program is for everyone- because it isn’t. Like everything there are pluses and minuses to the FHA 203kprogram. So we are going to break down a few here and we will not sugar coat it. Lets tell it how it is!
The verdict on the FHA 203k program is that while it does carry some additional costs the loan provides some great features that make it worth a look when looking to purchase either as a first time home buyer or on your second, third or fourth home. The important thing to remember is that this program is for primary residences only. Make sure to ask your loan officer if they can explain the program and if they cannot find a lender like AnnieMac Renovation Lending who focuses on the FHA 203k program.
Written by Jeff Onofrio- who is the Director of Renovation Lending at AnnieMac Home Mortgage and specializes in the FHA 203k program. He not only originates these loans he also over sees the division that handles all renovation loans for his entire company. His day to day experiences are being written to help clients better understand the FHA 203k program. You can reach out to him at anytime at email@example.com or by calling 888-680-RENO (7366).
The Renovation Lending Division of AnnieMac Home Mortgage is a specialized group of professionals focused on the need to help rebuild and renovate American homes. Americans currently have a great need to access affordable loans to simultaneously finance and renovate their homes.
American Neighborhood Mortgage Acceptance Company LLC | 700 East Gate Dr. Suite 400 , | Phone: 877-829-9553 | NMLS# 338923
Copyright © 2017 American Neighborhood Mortgage Acceptance Company LLC. All Rights Reserved