Yes it is true.
We know if you are reading blogs, forums, posts, articles, etc., etc., about the FHA 203k renovation mortgage it might seem that it might be impossible but let us be the first to tell you that it is possible and even very likely if you have an experienced 203k renovation team surrounding you. We hear it all the time that how hard these 203K loans are and how much time they take and then we ask them the simple question- “where did you hear all of this?” and there answer- THE INTERNET. It reminds us of our favorite commercial about the Internet and the French Model- take a quick peek:
Just because it is on the internet does not make it true. FHA203k renovation mortgages are inherently more paperwork intensive and require a little more elbow grease but if you are willing to roll up your sleeves- trust us the reward can be great. What a better way to buy a home than getting to get your bathroom, kitchen or basement redone- how about a new roof, windows, heater, central air conditioning or a deck? Yes all of these items are able to be financed using this renovation mortgage product. The FHA 203k rehab mortgage can be real and closing them can be done just like any other mortgage- the key is EXPERIENCE.
In order to have this successful type of transaction you need to have 3 major EXPERIENCED components and these are in no specific order:
So if you are interested in doing a FHA 203k renovation mortgage do not be deterred by what you read on the INTERNET or you potentially end up like the woman who dated the FRENCH MODEL and we do not want that. The FHA 203k renovation program was created to help rebuild homes and communities and restore the dream of home ownership. Just remember that EXPERIENCE is the key!
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
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