Q&A on 203K Rehab Loans with Sean Werner from Wells Fargo
I get so many questions about Rehab loans, especially for Foreclosures in Hilltop and around Downtown Tacoma, that I took a few minutes to talk to Sean Werner of Wells Fargo about how exactly how FHA 203k Streamline loans work. If you have any further questions, post them in the comments and we’ll get you an answer.
What is an FHA 203k loan? This a loan which can be used to renovate a previously occupied home back to acceptable living conditions of the buyers choice. The 203K renovation loan is limited to 35K in improvements. The cost of the impovements are added the loan which is financed. Read the rest of this entry »
