FHA 203K DOWN PAYMENT EXPLAINED AT A GLANCE

FHA 203K Renovation and Rehab Loan A Regular FHA has a down payment of www.maryland-fha-loans.com

FHA 203K Renovation and Rehab Loan A Regular FHA has a down payment of 3.5% www.maryland-fha-loans.com

FHA 203K Renovation and Rehab Loan A Regular FHA has a down payment of 3.5% Towards the purchase price www.maryland-fha-loans.com

FHA 203K Renovation and Rehab Loan www.maryland-fha-loans.com Example of: FHA DOWN PAYMENT

FHA 203K Renovation and Rehab Loan Example of: FHA DOWN PAYMENT www.maryland-fha-loans.com Purchase Price: $200,000

FHA 203K Renovation and Rehab Loan Example of: FHA DOWN PAYMENT www.maryland-fha-loans.com Purchase Price: $200,000 Down Payment: $7,000

FHA 203K Renovation and Rehab Loan www.maryland-fha-loans.com 203K DOWN PAYMENT Differs in that the 3.5% Is applied towards the sum of the purchase price and costs of repairs

FHA 203K Renovation and Rehab Loan Example of: 203K down payment www.maryland-fha-loans.com Purchase Price: $200,000

FHA 203K Renovation and Rehab Loan Example of: 203K down payment www.maryland-fha-loans.com Purchase Price: $200,000 Costs of Repairs: $30,000

FHA 203K Renovation and Rehab Loan Example of: 203K down payment www.maryland-fha-loans.com Purchase Price: $200,000 Costs of Repairs: $30,000 Total: $230,000

FHA 203K Renovation and Rehab Loan Example of: 203K down payment www.maryland-fha-loans.com Purchase Price: $200,000 Costs of Repairs: $30,000 Total: $230,000 Down Payment: $8,050

FHA 203K Renovation and Rehab Loan What if the cost of repairs is $100,000? www.maryland-fha-loans.com

FHA 203K Renovation and Rehab Loan Example of: 203K down payment www.maryland-fha-loans.com Purchase Price: $200,000

FHA 203K Renovation and Rehab Loan Example of: 203K down payment www.maryland-fha-loans.com Purchase Price: $200,000 Costs of Repairs: $100,000

FHA 203K Renovation and Rehab Loan Example of: 203K down payment www.maryland-fha-loans.com Purchase Price: $200,000 Costs of Repairs: $100,000 Total: $300,000

FHA 203K Renovation and Rehab Loan Example of: 203K down payment www.maryland-fha-loans.com Purchase Price: $200,000 Costs of Repairs: $100,000 Total: $300,000 Down Payment: $10,500

FHA 203K Renovation and Rehab Loan Remember that….. www.maryland-fha-loans.com

FHA 203K Renovation and Rehab Loan The Down Payment is www.maryland-fha-loans.com

FHA 203K Renovation and Rehab Loan Applied towards the sum of the purchase price and the costs of repairs rolled into financing www.maryland-fha-loans.com

Ready to GET STARTED Look for More 203K Presentations Prepared by Mario Blautzik 203k Appriasals… 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” www.maryland-fha-loans.com E-mail: [email_address]

Look for More 203K Presentations

Prepared by Mario Blautzik

203k Appriasals… 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”

www.maryland-fha-loans.com

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