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FHA 203(k) loan

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Icon Mini Profile marklavender1





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Post Posted: Tue Oct 06, 2009 7:12 am    Post subject: FHA 203(k) loan
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How much can I borrow with an FHA 203(k) loan
Icon Mini Profile jveenstra
jveenstra
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Post Posted: Tue Oct 06, 2009 9:24 am    Post subject: FHA
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The limitations on an FHA mortgage of any type are:
1. You're income
2. You're credit score.
3. The value of the property (the value after repairs with a 203k loan)
4. The county FHA limit for maximum FHA loan amount

Every county in the U.S. has FHA maximum mortgage limits.

Assunimg income and credit are ok, you will need to note the state and county in which the property is located. The we can tell you the maximum FHA mortgage amount for that county.

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John Veenstra, Sr Mortgage Consultant
Approved Funding Corp
Licensed NJ NY CT PA
201-833-0123x278
Icon Mini Profile leeelliot61





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Post Posted: Tue Oct 06, 2009 10:32 am    Post subject:
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Mark,

pl refer http://www.mortgagefit.com/rehabilitation.html for info
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