You can visit our websites at http://www.TrueCraft.net or http://www.GravityConsultingGroup.com
or call me directly at 678-873-5260.
Thanks, and Good Luck.
We offer an FHA home inspection that knocks out the Streamline requirement, and if you go Full-K, it rolls into the FHA package seamlessly- without additional cost.
How are things progressing?
You need a strong agent and a strong lender on your team, and even if this opportunity is already under contract with another buyer, you should have a much stronger negotiating stance at your next opportunity because you built a team and did your homework up front.
The good ones go quickly, and you had to scramble when opportunity knocked - so, are you ready now? If so, did you make an offer on that property?
If not, then time is of the essence with the tax credit deadline looming...
Feel free to contact me to discuss the process in more detail. There is some extra paperwork involved, but we can help you navigate it.
There are great opportunities and we can help turn yours into a real gem!
Home Appreciators Real Estate & Renovations at
Better Homes & Gardens Metro Brokers
Yes, this can be an overwhelming process. I work with some excellent lenders that can help you with the 203K loan and walk you throught the entire procees. You also need a good Agent representing you on the purchase side to protect you - no cost to you. Feel free to contact me. I work this area and can handle the details for you so that the purchase is stress free.
Keller Williams Realty
The FHA 203K Streamline loan is a fantastic option! I've worked with several buyers who used it and it was a great success. If you are seriously considering making an offer, I would recommend one of the following scenarios:
1) Hire an inspector or contractor to inspect the home and give you an estimate. Based on the estimate, submit your offer on the property. It sounds simple, but the downside with this option is that you may pay for a home inspection and then end up losing the home to another buyer
2) Have your agent assess the comparables in the area, submit your offer on the home, negotiate the lowest price possible and then, during the Due Diligence Period, you can get the home inspected. If you don't like what you see (or if the renovation costs are too much), you can either re-negotiate the price of the homr or terminate the contract without penalty.
As this is a bit more complicated than a normal transaction, please make sure you have an agent representing you!
Also, I have two loan officers who handle the 203k loans and do a great job explaining the program. Please let me know if you would like their contact information.
All the best,
You should shop 2 or 3 lenders just to compare fees (and also you will get a better feel for your comfort level) with each one.
Also find yourself a local REALTOR who will help you research the property and help you determine the true value of the home. The Listing Agent may be very honest, but having your own agent will provide you with someone who is looking out for your best interest. Your agent may also have contractors that can give you estimates for the repairs. 203K loans require licensed contractors, but some contractors specialize in 203K rehabs so they might be a better choice.
Once you determine the value of the house you can go forward. Sometimes the difference between a "fixer upper" and a "move in ready" is not that different after all is said and done. So make sure you are getting a good deal.
Your Mortgage Advisor
PHH Mortgage, Inc
Senior Mortgage Planner
Community Mortgage Services