The FHA 203k Construction and Rehabilitation Loan Programs In Bradenton Florida
By Jim Poole, Zero Down, USDA Purchase Loans, FHA 203(K) Rehab & VA Streamline Loans
The FHA 203k Construction and Rehabilitation Loan Programs In Bradenton Florida will be one of the most desired loan programs being offered for the next 3 to 5 years on bank owned and foreclosed properties. The FHA 203K is designed to allow buyers to purchase a home and borrow additional money to make improvements to the property up to a total acquisition amount of $303,000. The program only requires a down payment of 3.5% of the total acquisition cost. Example: Sales Price $270,000. Improvements $33,000. ____________________________ Total Acquisition $303,000. Down Payment (3.5%) $10,605. AS-IS Feature This program is specifically designe...
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