FHA program: cash for home repairs

All-in-one loan accommodates rehabs

By Inman News Feed
Add Comment Add Comment | Comments: 1 | Posted Mar. 31, 2010

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The original 20K loan program also included investors, but it is now restricted to owner-occupants. With the number of homes for sale and in need of repair, perhaps it's time for FHA to revisit the investor option.

Tom Kelly's book "Cashing In on a Second Home in Mexico: How to Buy, Rent and Profit from Property South of the Border" was written with Mitch Creekmore, senior vice president of Houston-based Stewart International. The book is available in retail stores, on Amazon.com and on tomkelly.com.

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1. Thomas Young said... on Jun 16, 2013 at 03:44PM

“Purchase new home or renovate your old one with 203k loan.
From my experience with 203k loans, the best advice is to use a lender that offers assistance via third party with 203k processing.
This shortens the closing time by weeks. Try http://www.cfs-mortgage.com/203k for more information.”

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