FHA Streamline Rehab Loan in Imperial Beach CA 91932
By Mike Walsh, Direct 858-864-8924 - VA FHA USDA Jumbo Reverse Mo
FHA 203k Streamline Rehab loans are a great way to purchase a property and revitalize your community. FHA has made the rehabilitation process easier for buyers by enabling them to finance the acquistion of the property and rehabilitation in just one transaction. There is no need for second mortgages or expensive bridge loans. The FHA 203k Streamline loan is the right loan if you are looking to purchase a home that needs a little upgrading or minor repairs. The FHA 203k Streamline rehab loan works similiar to a regular FHA loan in terms of qualifying. A buyer must have good credit and documentable income. A 3.50% down payment is all that is required. It is a good idea to prequalify for the FHA 203k loan before you spend money on such things as an appraisal or home inspection. ...