Asked by Tolani Onigbanjo, 20770 • Thu May 14, 2009
I am looking to purchase a home in early January 2010 in Philadelphia, PA because of a potential job opportunity in the Valley Forge/King of Prussia area in June/July 2010 but I am unfamiliar with the city because I currently live in MD. I've done some research and the best option I feel for me is getting a FHA 203k loan because the purchase range I am looking at is between $25k and $60k and I know at that price point the property would probably need substantial rehab which the FHA rehabilitation loan allows for. I am willing to get a fixer upper so I just need help in finding an agent who could guide me through the process of finding a property, getting the work-up for the rehab and finding a reputable contractor familiar with the details of the FHA 203k loan that would be able to do the work in 6 months or less. I know it is a lot of info but if anyone can help I would appreciate it!!!!!!!!!!!!!!!!!!!!!
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