A little known loan program could help you get the money for your Tysons Corner real estate purchase
FHA loans are definately back in style as they are the lowest down payment loan program available (excluding VA loans). However, there is a type of FHA loan that many people don’t know about. I’m talking about the FHA 203 (K) loan. It, like the more common type of FHA loan, is guaranteed by HUD/FHA. The 203 (k) is different in that it provides funds for the purchase and renovation of a home.
This type of loan requires a 3.5% down payment and compliance with all normal FHA guidelines and loan limits (which range from $271,000 to $729,750) for 15 or 30 year mortgages.
As in any home purchase a great loan officer is critical to the process. The FHA 203 (K) loan is no exception. For a referral to a great loan officer send an email to Jeff@AgentKnowsHomes.com
For more information on the FHA 203 (k) loan program [a] send an email to the above email address to get connecteded to a great loan officer, or [b] check out bit.ly/PMSUt and www.RE-buildUSA.com and http://bit.ly/FHA203k
These loan programs are available to be used in Tysons Corner real estate, McLean Real Estate, Vienna Real estate, or any other area in the DC metro area and the rest of the country as well!
