I am in California and I do these loans. I put some super baic info out there at http://hbruhner.lenderama.com/loan-programs/203k-rehab-mortgage-loans/ but you can call me tomorrow at (707) 347-9250 and I am happy to help. Fannie mae has a Homestyle Renovation loan that sometimes is a better fit. Happy to help.
There's lots of information out there about FHA's 203K streamline rehab loans, but the better loan is the HomeStyle renovation loan.. This is a Fannie Mae loan product and it less restrictions than the FHA loan product.. In General, FHA has less restrictions on the borrower, but more restrictions on the property.. While FNMA's HomeStyle Renovation loan has more restrictions on the borrower (better credit profile), and less restrictive on the property as well as higher loan limits.. If you would like a side by side comparison for your specific scenario, i'd be happy to put together something for you.. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / LendUS, NMLS 1938/ AZMB0121893
FHA 203k rehab loans are great loans for the right person on the right house. Buy just because you want to, doesn't mean you should. Find out a lot about 203k loans on my web site at https://JoeMetzler.com/203k
Ask our community a question.