Friday, July 15, 2011

A few FHA 203(k) Rehabilitation Financing Possibilities. (Fair/Needs Repair Condition)

Yesterday I attended a workshop that helped me understand a little more about how the FHA 203(k) financing option that is offered by HUD works.  You can read more about that in yesterday's posts about FHA 203(k).  Basically, it is a HUD loan program that would provide the capability of financing purchase and the repairs or improvements that you need to do to consider living in a home.  It certainly isn't for everyone, but I know there are a lot of good fixer upper listings out there and a lot of people that are interested in purchasing fixer uppers.

I ran a search for homes that were described as "Fair" or "Needs Major Repair".  I picked out a few in the 96816 area.  Maybe a buyer would consider purchasing one of these listings if they are able to use the FHA 203(k) program.  Click the link below for a few examples of possible listings.

A few Fair/Needs Major Repair Listings. (Link expires in 30 days from post.)

**Disclaimer** This communication is provided to you for informational purposes only and should not be relied upon by you. East Oahu Realty, Inc. is not a mortgage lender and so you should contact a reputable mortgage lender directly to learn more about its mortgage products and your eligibility for such products.

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Rick Nakama, REALTOR® RB-20356
Honolulu Real Estate

Rick Nakama Realty LLC
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