<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1646506622281846&amp;ev=PageView&amp;noscript=1">

The AmeriFirst Home Buyer Learning Center

VIDEO: What is 203k and Why is it Good for This Market?

Posted by Dan Moyle on Tue, Jan 25, 2011

foreclosure-sign.jpgAs the housing market gets ready for a likely flood of foreclosures going up for sale, it's time to brush up on a government-backed loan program called the FHA 203k. Some folks looking at the home mortgage loan industry say distressed inventory is about to step out of the shadows. 

Check out our FREE FHA 203k Survival Guide here and learn more!

Current Market Conditions

Some figures show about 35% of the home inventory right now (that's homes listed for sale) are short sales, foreclosures and bank owned. This means a lot of homes are not getting regular maintenance, or are in disrepair. That's where the FHA 203k loan comes into play. Let's hear from Joe Daly, an expert on the 203k.

 

 

We have several folks here at AmeriFirst with expertise on the 203k loan program. Let us know how we can help.

Get the Free FHA 203k Guide

 

Topics: home improvement loans, housing market trends, FHA 203k, renovation mortgage, video

__________________________________________________________________________________________________________________________________________________________________
Down payment and terms shown are for informational purposes only and are not intended as an advertisement or commitment to lend.  Please contact us for an exact quote and for more information on fees and terms.  Not all borrowers will qualify.
 
AmeriFirst Home Mortgage is a division of AmeriFirst Financial Corporation. 950 Trade Centre Way Suite 400 Kalamazoo, MI 269.324.4240 Equal housing lender
 

Daily Articles Emailed

Download your Yearly Home Maintenance Checklist!

Taking care of a home takes work and organization. While we can't do the work for you, hopefully this checklist helps you stay organized. Download your printable version below!

Yearly-Home-Maintenance-Checklist_snippet

Download the Home Maintenance Checklist