Yes it does carry some additional fees other than your standard FHA loans. Some of these fees must be paid out of pocket, including the inspection appraisal. If you are a first time home buyer i would stay away from a 203K as it does requires that the Lender have to set up an escrow account to pay contractors and it will be your job to manage them and make sure the work is completed per the various contracts.
I recognize that you are very busy, so I am only asking you to spend 6 minutes with me to discuss your needs so we can determine if we can be of service to you. After answering just a few simple non-credit related questions (I do not need to pull your credit report in advance) I will be able to email you some options that will allow you to immediately determine if we are the right choice for you and your family.
Please give me a call to make your dreams a REALITY.
The Federal Savings Bank
Christopher, Greetings from San Diego! I graduated Villanova and lived in Paoli for one of my four years there. A solid business plan is all important to raise equity capital. Strong financials are necessary for debt financing... more