if you like more information please contact me
FHA loans are availabe for residential properties. There are certain requirements on properties that are missing appliances, have roof leaks or mold. I have been on a Wells Fargo Foreclosure team for three years and work with mortgage consultants who are certified in FHA stream line loans (renovation loans). Some foreclosure look wonderful and some need a ton of work.
Susan Penn, PA, SFR, CDPE http://about.me/HomesForSale_SusanJPennPA
EWM Realtors | A HomeServices of America Company | An Affiliate of Berkshire Hathaway
2000 Main Street, Suite 103 | Weston, FL 33326
T: 954.306.7337 | C: 954.557.5993 | F: 954.515.0200 |
Many foreclosures also offer Homepath financing. This is a loan offered for Fannie Mae owned properties. It is an alternative to FHA. Here is a link for additional information.
Best of luck!
Stefanie Cohen, PA, ABR, SFR
Prudential Florida Realty
Best of Luck,
Maria E. Cipollone
FLORIDA MORTGAGE BROKER RESPONDS:
If you have good credit, there are many reasons to AVOID the very costsly FHA loan program. The reason so many push this HIGH cost program is because it's the only product many have to offer. However, there are better options for those with good credit, etc.
I offer FHA loans, and sometimes they are the only option, but see other opions below
97% LTV- No PMI/MI and No 1.75% FHA FEE
95% LTV- No PMI
95% LTV- CONDO
90% LTV- No PMI-2nd Home
90% LTV- JUMBO w/cc
85% LTV- NO PMI to Super Jumbo
80% LTV- Invest. Prop.
STATED INCOME ALT loan programs: http://www.StatedIncomeAlt.com
80% LTV- FIX nâ€™ FLIP Invest. Prop.
80% LTV- NEW- Stated Income Alt
75% LTV- NEW- Foreign Nationals- Stated Income Alt
75% CLTV-NEW- after Short Sale, BK or Foreclosure
70% LTV- Soft and Hard Money -Stated Income Alt
LOT/VACANT LAND LOANS- Comm
COMMERCIAL PROGRAMS (many programs available nationwide)
Pro Option Mortgage/Florida
Ph: 888 662 4404
Prior Service U.S. Marine Corps