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catharin9 · Joined: 14 Jul 2009 Posts: 168 -0.14 Dollars($)

WHAT IS A 203(b) LOAN?

robertcampbell07 · Joined: 25 Aug 2009 Posts: 52 -0.11 Dollars($)

FHA’s 203b loan is the basic loan package for the purchase of a home. The 203b derived its name from the code section in federal housing law.

one can take out a 203b loan to purchase a home that has 1-4 living units in the property. The down payment required is 3.5%. The down payment may be a gift from a family member; a grant from another government program or perhaps aid from a local non-profit agency.

FHA loan can include loan closing costs and the insurance payments.

catharin9 · Joined: 14 Jul 2009 Posts: 168 -0.14 Dollars($)

Is this related to FHA Loan?

elnoralittle · Posted: Sat Aug 29, 2009 9:43 am Post subject:

Catherine, yes, it's your standard FHA loan.

catharin9 · Joined: 14 Jul 2009 Posts: 168 -0.14 Dollars($)

Thnaks elnoralittle

nelsoncarolyn1946 · Joined: 03 Sep 2009 Posts: 38 0.00 Dollars($)

203(b) loan is a FHA program which provides mortgage insurance to protect lenders from the possible default of borrowers.

ross090909 · Joined: 04 Sep 2009 Posts: 82 -0.31 Dollars($)

This is the most commonly used FHA program.It is standard FHA loan.

It offers following things

1)A low down payment.
2)Flexible qualifying guidelines.
3)Limited lender's fees.
4)Maximum loan amount.

jonunderwood007 · Joined: 03 Sep 2009 Posts: 38 -0.40 Dollars($)

its a FHA program which provides mortgage insurance to protect lenders from default; used to finance the purchase of new or existing one- to four family housing; characterized by low down payment, flexible qualifying guidelines, limited fees, and a limit on maximum loan amount.

Guest

What if the property is missing appliances

sara · Posted: Wed Feb 02, 2011 3:02 am Post subject:

Hi patos,

You should immediately file a complaint with the local police.

Take care.

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