Spangle, WA Real Estate News

By Mike Young, FHA 203k Consultant 916-758-1809
(203kOnLine.com, covering the USA)
PRESS RELEASE 203k Loan – The hottest rehab loan product on the market A Guide for the most popular all-in-one purchase or refinance and real estate rehab loan product in the USA   “In 1961 the FHA (Federal Housing Administration) came out with a purchase or refinance loan guarantee product that included money to make repairs in order to assist home buyers and owner’s get their properties fixed up. The program was deemed a great way to accomplish this. While many were done, the use of the program was hindered by typical large amounts of paperwork and in realty few were actually completed. In 1994 the program was revised addressing the paperwork issue by creating “203k Consultants” who would learn the paperwork end of the program and help the borrowers through the pitfalls of the program...
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