Home
Best Rate Blog
Free Tool
Ask Kate
Local Lenders
Reverse Mortgage
Loan Programs
FHA Improved
Credit Scores
Ez Calculator
Current Rates
Advice Center
Tips and Advice
Home Buying
Refinance
Mortgage News
Foreclosure
Subprime Plan
Meet Kate
My Mission
Articles
Search This Site

Subscribe To
This Site

XML RSS
Add to Google
Add to My Yahoo!
Add to My MSN
Add to Newsgator
Subscribe with Bloglines

FHA Rehab Loan For Fixer Upper Houses

Leaky roof, broken steps, peeling paint. FHA rehab loan to the rescue!

Improve your fixer upper houses with FHA construction loans. Refinance or 3% down payment, the FHA home improvement loan is a handyman's secret.

You can find a deal on fixer upper houses. What a catch-22. No bank will approve the mortgage without repairs but you can't fix what's broken until you own it.

Solution? The FHA rehab loan.

9 Steps To FHA Construction Loans

  1. Complete feasibility analysis with real estate agent
  2. Make offer to seller subject to loan approval
  3. Select an approved FHA 203k lender
  4. Prepare cost estimate of repairs and improvements
  5. Appraisal determines value after repairs and improvements
  6. FHA home improvement loan is approved and closes
  7. Remodeling and closing costs included in mortgage
  8. Finance up to 6 months payments during construction
  9. Contractor paid in intervals throughout construction

How To Locate FHA Refunds

For homeowners who have paid off an FHA mortgage loan by selling a house or refinancing, here is how to find out about FHA refunds and if you are owed one.

Ask Kate Questions

What if you could ask a mortgage insider anything you wanted regarding FHA home loans? Now you can. Contact Kate is specifically designed to answer your questions and create dialog regarding mortgage financing.

Ask Kate! now.

  • Print this Page

Discover Kate's Best Mortgage Rate Blog, an entertaining source of information. Kate knows how to translate the secret language of mortgage lending, making it easy for anyone to understand.

Valuable Resource For Home Buyers And Home Owners

SBI - A Fresh And Innovative Way To Create More Income

Don't Miss These Unique Mortgage Tips From Kate

FHA Reverse Mortgage
FHA reverse mortgage for income and security

FHA Appraisal
Why an FHA appraisal is not enough

FHA Refinance
Everyone is talking about FHA refinance

FHA Streamline Refinance
What could be simpler than FHA streamline refinance?

FHA Refunds
Does our government owe you FHA refunds?

FHA Mortgage Loans
Introducing FHA mortgage loans

FHA Eligibility Calculator
Easy FHA eligibility calculator

FHA Loan Limits
FHA loan limits increase

FHA Home Loans
FHA home loans new and improved

VA Mortgage Loans
VA mortgages with zero down payment

FHA Rehab Loan
FHA rehab loan to the rescue

HOME TO Best Mortgage Rate
Translating the secret language of mortgage lending

Do it now! Bookmark this page so you can easily return to review the keys to FHA mortgage loans.


Page copy protected against web site content infringement by Copyscape



footer for fha rehab loan page