203k - The Mortgage Porter

Now offering FULL FHA 203k Rehab Mortgages

May 2, 2014 by Rhonda Porter 7 Comments

UPDATE: Please visit our updated FHA guide for current information on FHA and 203(k) loans for homes located in Washington state.

An FHA 203k rehab mortgage is great for fixing up a home that you’re considering buying and may even be used to make improvements to your primary residence with an FHA 203k refi. Many lenders offer the “FHA streamlined 203k rehab” loan which limits the amount of funds that can be used for the rehab project. Unlike a streamline 203k, the rehab process is allowed to take up to six months to complete. I’m very pleased that Mortgage Master Service Company is now offering the FULL FHA 203k program.

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Filed Under: Mortgage Programs Tagged With: 203k, fha, home improvement, rehab

Having a Hard Time Finding the “Perfect” Home in Seattle? Consider an FHA 203k Rehab Loan!

June 28, 2011 by Rhonda Porter 2 Comments

Please visit my updated Renovation Mortgage Guide for homes located in Washington state.

Some of my Seattle area clients have been searching for the “just right” home for months. With a good portion of the available inventory being bank owned, many of the homes have been left in less than desirable condition or perhaps are overdue for a little TLC. If you’ve found a home that needs some work that’s located in a neighborhood you’d like to call home, an FHA 203k rehab loan may be worth your consideration. [Read more…]

Filed Under: Mortgage Programs, Home Buying Tagged With: 203k, fha, rehab, renovation