FHA 203K Financing AT A GLANCE

FHA 203K Renovation and Rehab Loan

FHA 203K Renovation and Rehab Loan Flexible Credit Qualifying

FHA 203K Renovation and Rehab Loan Flexible Credit Qualifying Purchase and Renovate and Improve all in one loan

FHA 203K Renovation and Rehab Loan Flexible Credit Qualifying Purchase and Renovate and Improve all in one loan FHA Down Payment of (3.5%)

FHA 203K Renovation and Rehab Loan Flexible Credit Qualifying Purchase and Renovate and Improve all in one loan FHA Down Payment of (3.5%) Gifts for Down Payment are Allowed!

FHA 203K Renovation and Rehab Loan This Financing Allows for both www.maryland-fha-loans.com

FHA 203K Renovation and Rehab Loan This Financing Allows for both Purchase www.maryland-fha-loans.com

FHA 203K Renovation and Rehab Loan This Financing Allows for both Purchase And Renovation / Improvement www.maryland-fha-loans.com

FHA 203K Renovation and Rehab Loan ALL in One Loan !!!! www.maryland-fha-loans.com

FHA 203K Renovation and Rehab Loan How It Works!!! www.maryland-fha-loans.com

FHA 203K Renovation and Rehab Loan www.maryland-fha-loans.com How It Works!!! Example:

FHA 203K Renovation and Rehab Loan How It Works!!! Example: Loan officer determines maximum loan amount www.maryland-fha-loans.com

FHA 203K Renovation and Rehab Loan How It Works!!! Example: Loan officer determines maximum loan amount Not Purchase price since costs of repairs can vary www.maryland-fha-loans.com

FHA 203K Renovation and Rehab Loan Example: Let’s say the buyers qualify for a loan amount of:

FHA 203K Renovation and Rehab Loan Example: Let’s say the buyers qualify for a loan amount of: $200,000 www.maryland-fha-loans.com

FHA 203K Renovation and Rehab Loan Example: Let’s say the buyers qualify for a loan amount of: $200,000 Your Purchase price Could Vary depending on costs of Repairs www.maryland-fha-loans.com

FHA 203K Renovation and Rehab Loan Example: Let’s say the buyers qualify for a loan amount of: $200,000 Your Purchase price Could Vary depending on costs of Repairs If purchase price is $150,000 than the home will need to stay under $50,000 in repairs www.maryland-fha-loans.com

FHA 203K Renovation and Rehab Loan Example: Let’s say the buyers qualify for a loan amount of: $200,000 If purchase price is $190,000 than the home will need to stay under $10,000 in repairs www.maryland-fha-loans.com

FHA 203K Renovation and Rehab Loan The following slides shows The FLOW of the program www.maryland-fha-loans.com

FHA 203K Renovation and Rehab Loan Buyers Qualifies with a 203k Loan Officer www.maryland-fha-loans.com

FHA 203K Renovation and Rehab Loan Buyer/s Select a Property www.maryland-fha-loans.com

FHA 203K Renovation and Rehab Loan 203K Consultant performs Inspection “Feasability Study” / Prepares Bids www.maryland-fha-loans.com

FHA 203K Renovation and Rehab Loan Termite Inspection is Ordered www.maryland-fha-loans.com

FHA 203K Renovation and Rehab Loan Work Write Up is Completed Contractors places Bids to Buyer www.maryland-fha-loans.com

FHA 203K Renovation and Rehab Loan Appraisal is Performed MARIO BLAUTZIK

FHA 203K Renovation and Rehab Loan Appraisal is Performed MARIO BLAUTZIK Taking into account both As – Is Value and As – Improved Value

FHA 203K Renovation and Rehab Loan Loan is Approved by Underwriter MARIO BLAUTZIK

FHA 203K Renovation and Rehab Loan Approved Loan goes to Settlement Attorney MARIO BLAUTZIK

FHA 203K Renovation and Rehab Loan Loan CLOSES! MARIO BLAUTZIK

FHA 203K Renovation and Rehab Loan Rehab / Renovation Begins within 30 days after settlement Funds are disbursed as work is completed and inspected MARIO BLAUTZIK

FHA 203K Renovation and Rehab Loan REHAB is Completed Must be completed within 6 months MARIO BLAUTZIK

EXAMPLES OF REPAIRS MARIO BLAUTZIK Replace Roof Add a Room Add a Garage Remodel Kitchen / Bathroom Repair Termite Or Moisture Damage Landscaping Modernize Heating, AC, and electrical systems Update Appliances

ELIGIBLE PROPERTIES MARIO BLAUTZIK SINGLE FAMILY HOMES CONDOMINIUMS TOWN HOMES 2-4 UNITS Mixed Use (commercial and residential in one building)

Ready to GET STARTED Look for these 203K Presentations Prepared by Mario Blautzik As-is / As Improved Value Explained Prepared by : Mario Blautzik E-mail: [email_address]

Look for these 203K Presentations

Prepared by Mario Blautzik

As-is / As Improved Value Explained

Prepared by : Mario Blautzik

E-mail: [email_address]

Ready to GET STARTED Look for these 203K Presentations Prepared by Mario Blautzik As-is / As Improved Value Explained Where’s my money? (when and how the contractor is paid) Prepared by : Mario Blautzik E-mail: [email_address]

Look for these 203K Presentations

Prepared by Mario Blautzik

As-is / As Improved Value Explained

Where’s my money? (when and how the contractor is paid)

Prepared by : Mario Blautzik

E-mail: [email_address]

Ready to GET STARTED Look for these 203K Presentations Prepared by Mario Blautzik As-is / As Improved Value Explained Where’s my money? (when and how the contractor is paid) Difference between a “Full K” and a “Streamline K” Prepared by : Mario Blautzik E-mail: [email_address]

Look for these 203K Presentations

Prepared by Mario Blautzik

As-is / As Improved Value Explained

Where’s my money? (when and how the contractor is paid)

Difference between a “Full K” and a “Streamline K”

Prepared by : Mario Blautzik

E-mail: [email_address]

Ready to GET STARTED Apply on-line And get started today Free FHA Mortgage calculator at: Cell 240 353 – 5102 Prepared by : Mario Blautzik E-mail: [email_address] www.Maryland-fha-loans.com