As you know, everybody loves FHA right now. For credit-challenged folks, FHA has become the “new sub-prime.” Though FHA cannot pay commissions to brokers and agents unless the license is hung with an FHA lender, or the referral is from totally outside the real estate business, FHA can often get Borrowers into a home when they qualify for no other conventional product.

One great program that is on the rise now is the FHA 203(k) Renovation Loan, which has recently been granted Jumbo limits. Now investors and other clients can Refi or Purchase, then Renovate with just ONE loan. Pretty neat. This will qualify them for 125% LTV (AIV - After Improved Value). The loan can be used for new kitchens, appliances, baths, windows, and much more. With FHA flipping delays now eliminated for this next 12 months, now is a great time to renovate.

Just involved in an FHA deal, I found this of interest….and you might want to look into the FHA programs.

Thanks,

Ron Largent    Keller Williams Realty in Redding, CA
www.ronlargent.com

www.ronlargent.com