FHA Home Opportunity- FHA 203K Rehabilitation Loan for Bank Owned Properties

FHA Home Opportunity- FHA 203K Rehabilitation Loan for Bank Owned Properties

FHA 203K loans offer a tremendous opportunity for buyers of REO or Bank Owned property. The FHA 203K went all but extinct until of late.  The main opportunity for the borrower includes:

  • Interested in property that needs repairs but are limited in funds
  • Want energy improvements or “green improvements” to their home
  • Limited in cash flow for down payment and repairs

So you may ask what type of home improvements can be made under the FHA 203K?

  • “Green Improvements” including-
    • Energy efficient appliances
    • Home Insulation
    • Windows
  • Kitchen and Bath remodels
  • Patios decks and terraces
  • Roofing and Landscaping
  • Carpeting
  • Handicapped accessibility improvements
  • Etc…

If you are interested for yourself or your clients for more information on this product please feel free to give me a call. I do now offer the FHA 203K and would be happy to help you.

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