Unlikely 203k property? Maybe yes, maybe no - Sacramento to Oakland

By
Home Inspector with 203kOnLine.com, covering California & most other states S0289

Unlikely 203k property? Maybe yes, maybe no - Sacramento to Oakland

Learn what properties qualify for the FHA 203k program.

When you think of a 203k you likely think of a small house in a rough neighborhood as for many years that is exactly what it was. Not true any more... 

Typical house for the FHA 203k loan program

Typical home for 203k loan guaranteed program

This is a 203k potential home for sure.

 

 

 

 

 

 

 

 

 

 

 

 

How about the one below? It is also an FHA 203k...

203k home in Sacramento County

 

 

 

Who would have guessed?

These two homes pictured above have a commonality of both being in the process of an FHA guaranteed 203k loan. The 203k can be used for any home in nearly any neighborhood today and is the most widely used loan program for properties requiring repairs. You must make arrangements to get the repairs done on a home that needs repair so what simpler way to do so than this program. 

 

 

 

 

 

 

Unlikely 203k property Mike Young archives

 

 

How about this one? Yep, it was another 203k project.                          

 

 

 

 The properties dont' have to be bad properties in rough neighborhoods. The maximum loan amounts in many counties allows you to take advantage of making renovations with your purchase or refinance at low rates making this the most popular renovation loan program in the USA and our colonies.

Posted by

Mike Young, 203k Team Leader    Mike ready for your 203k order

With offices coast to coast and HQ now at PMB 168, 5055 Business Center Drive, Suite 108 Fairfield, CA 94534 1.707.812.7668. We have fourteen offices in CA covering both CA states, NorCAL and SoCAL where we can cover the entire state.

To learn more about the FHA 203k loan program go to www.203kOnLine.com. To contact us for a consultation please go to www.my203kconsultant.com and "order a consultation". If you like what you see here please take a look at Another blog by Mike Young in Spanish and other languages. Got a 203k porject giving you "fits" contact Mark in our NV office at www.203k911.com, is having more fun with this new site than anyone should.

Skype name: the203kconsultant

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Topic:
Real Estate Sales and Marketing
Location:
California Sacramento County Rio Linda
Groups:
Livermore, California
Folsom Real Estate
Oakland Real Estate
El Dorado Hills Real Estate
Tags:
folsom
roseville
203k consultant sacramento

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Rainmaker
1,092,482
Tom Arstingstall
General Contractor, Sacramento, CA - 916-765-5366
Dry Rot and Water Damage www.tromlerconstruction.com Mobile - 916-765-5366

Wow, that is a shocker Mike. I just thought that the 203k loans were for the smaller homes. Good to know.

March 27, 2012 07:29 PM
Rainmaker
391,862
Mike Young
FHA 203k Consultant 707-812-7668
203kOnLine.com, covering California & most other states

Tom, that is the stigma around the 203k but the fact is that any home that needs work in order to close an escrow can be a 203k

March 28, 2012 07:27 AM
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Rainmaker
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Mike Young

FHA 203k Consultant 707-812-7668
Want to close your 203k loans faster?
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