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Angelica Tor…, Real Estate Pro in Rancho Cucamonga, CA

This is my first time writing an offer using 203K FHA. Could I please have any direction in writing my offer please?

Asked by Angelica Torres, Rancho Cucamonga, CA Thu Feb 4, 2010

Have wrote my offer and all paperwork but just not sure if I have to mention amount of loan for repairs on the RPA.

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Answers

3
Hi Angela,
Just write it up like a regular FHA and then put under additional finacing terms put FHA 203K rehab loan. Make sure your buyer has an approval for a loan amount that will cover the total loan amount including repairs. I have sold a number of homes using this program. Give me a call if you have more questions.
Lori Duran
Broker Associate
ERA Yes
DRE#00924615
(626) 354-7344
2 votes Thank Flag Link Thu Feb 4, 2010
I just uploaded a "how-to" to my websiteas a PDF. Just follow the directions.

Go to http://www.203kloanschicago.com/HOW_TO_FILL_OUT_A_203K_CONTR…
1 vote Thank Flag Link Fri Feb 5, 2010
Use the same RPA contract.Just make sure the borrow has enough loan amount to cover the cost of the repair.Just note its a 203k rehab loan.
0 votes Thank Flag Link Thu Feb 4, 2010
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