Posted on: 13th Sep, 2009 04:54 am
How much can I borrow with an FHA 203(k) loan
Petty,
In FHA 203(k) loan, maximum loan amount is miniumm of:
The appraised property value + costs of the repair work.
110% of the expected appraised property value of the property after the rehabilitation work is completed.
you can get more info @ http://www.mortgagefit.com/rehabilitation.html
In FHA 203(k) loan, maximum loan amount is miniumm of:
The appraised property value + costs of the repair work.
110% of the expected appraised property value of the property after the rehabilitation work is completed.
you can get more info @ http://www.mortgagefit.com/rehabilitation.html
You can borrow up to 110% of the value of the home AFTER the repairs and rehabilitation of the home
The mortgage amount maximum cannot exceed 100% of the value after the improvements are complete