Longwood Gardens Flowers & How To Use FHA 203(k) 8/11/11

By
Education & Training with Retired Real Estate Broker, Maryland Blogger

Longwood Gardens Flowers & How To Use FHA 203(k) 8/11/11

How The FHA 203(k) Progran Can Be Used - HUD Guidelines

This program can be used to accomplish rehabilitation and/or improvement of an existing one-to-four unit dwelling in one of three ways:

 -   To purchase a dwelling and the land on which the dwelling is located and rehabilitate it.
 -   To purchase a dwelling on another site, move it onto a new foundation on the mortgaged property and rehabilitate it.
 -   To refinance existing liens secured against the subject property and rehabilitate such a dwelling.

To purchase a dwelling and the land on which the dwelling is located and rehabilitate it, and to refinance existing indebtedness and rehabilitate such a dwelling, the mortgage must be a first lien on the property and the loan proceeds (other than rehabilitation funds) must be available before the rehabilitation begins.

To purchase a dwelling on another site, move it onto a new foundation and rehabilitate it, the mortgage must be a first lien on the property; however, loan proceeds for the moving of the house cannot be made available until the unit is attached to the new foundation.

Longwood Gardens - Dolores and I enjoy frequent visits to Longwood Gardens in Kennett Square, Pennsylvania.  Encompassing more than 1,077 acres, Longwood Gardens is a place of unparalleled beauty, offering dazzling displays that elevate the artistry of horticulture as will as an array of innovative educational programs.  You will enjoy the Gardens and the grand Conservatory. www.LongwoodGardens.org  

 

Roy and Dolores Kelley visited Longwood Gardens on June 5, 2011. This is one of our favorite destinations. Canon PowerShot G11 camera. Photographs by Roy Kelley.

Posted by

Roy Kelley, a real estate broker since 1960, has retired from his position as Associate Broker with RE/MAX Realty Group in Gaithersburg, Maryland. The needs of past clients and referrals will be met by long time associates. 



close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the computer to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Topic:
Real Estate General Information
Location:
Maryland Montgomery County
Groups:
ActiveRainPhotoBlogger
EXPRESS WITH PHOTOGRAPHS AT ACTIVERAIN
Great Shots!
Photos
Realtors®
Tags:
longwood gardens
flower photography
fha 203k financing

Comments 13 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the eye to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainmaker
1,759,097
Roy Kelley
Retired Real Estate Broker, Maryland Blogger

Thanks so much for your comments. I hope you are having a great week.

Life is better when there are flowers to photograph!

August 11, 2011 03:40 PM
Rainmaker
555,292
Gloria Todor and Doug Durren - Delaware County PA Real Estate
Hard Working Professionals
Century 21 Absolute Realty

Hi Roy, Like how you combine financing and flowers in your post.  203K mortgages are getting more traction these days.  Thanks for the dose of flowers from Longwood!

Gloria

August 11, 2011 04:27 PM
Rainmaker
261,251
Dawn Crawley
Find Pinehurst Homes
Dawn Crawley Realty

Roy, such helpful information for those that either don't understand what a 203k is and for those who have never heard of it.

August 11, 2011 05:02 PM
Rainmaker
1,759,097
Roy Kelley
Retired Real Estate Broker, Maryland Blogger

Good to hear from you Gloria and Dawn.  I hope you are having an outstanding week.

Longwood Gardens.  Canon PowerShot G11 camera. Photograph by Roy Kelley.

August 11, 2011 05:06 PM
Rainmaker
355,019
Linda D. Pufford
ASPM, Marin/Sonoma Home Stager
Stage with Divine Style - Home Staging

Hi Roy,

What gorgeous flowers on your post and in your comments!  Very vibrant colors and beautiful blooms.  Great information as well on how to use the FHA program!

August 11, 2011 11:12 PM
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the envelope to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainmaker
1,759,097

Roy Kelley

Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the leaf to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase: