Bring back FHA 203(k) loan for investors

NAR pushes 5-point plan to expedite housing recovery

By Inman News Feed
Add Comment Add Comment | Comments: 1 | Posted Dec. 14, 2011

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It's time to let investors back under the FHA 203(k) umbrella. It's past time to get vacant homes cleaned up and alive again with occupants.

Tom Kelly's new e-book, "Bargains Beyond the Border: Get Past the Blood and Drugs: Mexico's Lower Cost of Living Can Avert a Tearful Retirement," is available online at Apple's iBookstore, Amazon.com, Sony's Reader Store, Barnes & Noble, Kobo, Diesel eBook Store, and Google Editions. 

                                         

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1. 203k Contractors said... on Dec 15, 2011 at 02:59PM

“The 203k is a great mortgage for the current economy and real estate market because almost every owner occupied borrower qualifies for it. In fact, the use of the 203k has increased ~650% since 2007.
The real estate market still needs assistance and lifting the moratorium on the investor 203k can aid in a quicker recovery, but only if implemented properly.
Just make certain to use a Certified 203k Contractor for the renovations.”

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