Learn About Home Improvement Financing from the Pros at 203k Forum
Want to know about financing home improvements, repairs and renovations into your mortgage? The FHA 203k is a great way to pay for projects when buying a home, or refinancing your current house. One great resource to learn about the FHA 203k behind the scenes is a website called 203k Forum.
When you're looking for information, finding a guru, and expert or an official is like hitting the lottery. That's what you'll find at the 203k Forum. A lot of folks in this group are major evangelists for this program. From contractors to consultants to inspectors to lenders like us, the voices you'll find in 203k Forum are all singing the same tune: "it's a great opportunity for home buyers and homeowners to pay for home improvements, repairs and renovations in a market where equity is scarce."
The FHA 203k helps buyers and owners finance home improvements like new paint, new appliances, deck building and kitchen remodeling. It also helps finance renovations like additional bathrooms, a new roof or disability access. Some folks will say, "Avoid the FHA 203k!" but we disagree. For many buyers, it's a great option. Imagine it: you find a house you like and can afford, but it needs a little work. For only about another $6 a month (per $1,000 of work) you make one payment to the mortgage bank, and turn the so-so house into the home you love!
So as you're researching how to buy a house, consider an off-the-beaten-path journey into 203k country. Download the free eBook "The FHA 203k Survival Guide" at the button below. And join us in the 203k Forum!
Also, join 203k Forum, Singer Construction and AmeriFirst Home Mortgage every Thursday for a Twitter chat #203kTalk - Click the picture below for details!