i am interested in using streamline too, is it true that you can use 203k to purchase the home?i found a hud
home for 15,000,but i want to submit my bid for 8,000 would that be wise?
Answers (1)
FIRST ANSWER
Hi Tina,
The 203K programs are fantastic programs for homes that need repairs/remodeling.
They are FHA loans.
On a HUD home, you will need to have your financing package preapproved before your bid is submitted by your Realtor.
Very important to get an accurate & complete estimate for what it will cost to make the home habitable to the level that you feel comfortable with!
If I can be of assistance, check my website at http://www.CallRealtorJohn.com
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