Donald Richards

FHA 203(b) FHA 203(k) Rehab Loans Specialist

Licensed by the following Departments of Banking NJ

Approved Lending Institution by the Federal Housing Commissioner U S Department of Housing and Urban Development

FHA 203(b) includes Pre-paid Escrows, Closing Costs and 1.00% FHA Origination/ 1.00% Discount Fees

FHA Jumbo and FHA Jumbo 203(k) Rates require a Quote based on County Maximum Loan Amount

FREE 203k Rehab Information for All Applicants

First Time Home Buyer or Second Time, need Cash to Rehab an old kitchen or add a private suite for your parents? You can use the FHA 203(k) program to Purchase or finance the rehab of your single family, 2,3 or 4 multi-unit or condominium.

FHA 203b Programs also allow a FHA Purchase up to 96.50% and a FHA Rate/Term Refinance up to a 97.75% Loan to Value of the Purchase Price or Appraised Value of your Home.

Plus you can refinance your primary single family home with a FHA Cash-out (for any reason) up to a 85.00% Loan to Value, or your primary 2, 3 or 4 unit home up to 85%. Title must be in your name for a minimum of 12 months to obtain Cash-out refinancing.

Contributions to Lender411

Answered Questions Commercial Loans: I am looking to purchase a mobile home park for $350,000.… Mar 7th 2011 Refinance: What is better Home Equity Loan or Mortgage? Mar 7th 2011 Refinance: Can I Really Not Refinance? Jul 29th 2010 Home Purchase: FHA or VA Jul 29th 2010 Home Purchase: Are there any mortgage programs for the disabled Jun 29th 2010 more... Contacted consumers with following loan scenarios Connecticut, Home Refinance, Good Credit, Amount: $150,000, LTV 76% 17 days ago Connecticut, Home Refinance, Good Credit, Amount: $230,000, LTV 96% Oct 14th 2011 Connecticut, Home Refinance, Good Credit, Amount: $200,000, LTV 80% Sep 29th 2011 Connecticut, Home Purchase, Excellent Credit, Amount: $260,000, LTV 93% Sep 14th 2011 Connecticut, Home Refinance, Excellent Credit, Amount: $310,000, LTV 50% Aug 23rd 2011