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do 203k loans allow for weather proofing work on a house

by krnoble7862376 from Flagstaff, Arizona. Oct 2nd 2014 Reply


Brian Allen (ballen)
#43 ranked lender in Maryland - 190 contributions

Yes, 203k loans allow for weather proofing,800-485-1387 ext 116 ballen@bankofengland1.com

Oct 2nd 2014
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,055 contributions

Absolutely, but using the FHA 203K is not a good choice.. FHA loans are the most expensive loans on the market right now, and have the highest cost of mortgage insurance than any other loan product, especially if you have good credit. The better choice is Fannie Mae's HomeStyle renovation loan.. much easier to do, much quicker, and the mortgage insurance is not necessary if you have 20% or more equity.. if you don't, then the MI is nearly half of what FHA charges, and with conventional, once you obtain 20% equity and you have paid for 2 years, you can request that the MI be removed.. Not the same with FHA.. I'm here local in AZ if you would like a more detailed quote on what your options might be. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Oct 2nd 2014
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Thomas Mastromatto (Tom Mastromatto)
#14 ranked lender in Arizona - 1 contribution

We are a direct lender in Arizona call 928-533-6593..no overlaysso if your credit or debt is off we can help

Oct 2nd 2014
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Joseph Afonso (jafonso)
#65 ranked lender in Arizona - 195 contributions

Yes, and if you decide to choose this option we underwrite these loan in house. If you would like to discuss your option give me a call 602-531-7040 or email me at jafonso@azhomerates.com.

Oct 2nd 2014
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Jericho Cherry (Jerichocherry)
#58 ranked lender in Virginia - 1,107 contributions

William gave you some good advice. Follow his lead.

Oct 2nd 2014
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Phil Dumouchel (PhilDu)
#1 ranked lender in South Carolina - 2,228 contributions

Yes, but there may be better options than FHA 203k for you depending on the details of your application and the home you are purchasing.

Oct 5th 2014
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