2. Fully Serviced Non-Depository Mortgage Bank
that originates over 4 Billion Yearly in Volume
Headquartered out of Houston, TX
Established 1988
Originate Jumbo, VA, FHA, FHA203k
Renovation, Conventional, Conventional
Renovation, Energy Efficient and
Weatherization Mortgages
3. ME = Family Man
Bo Smith or WALTER “BO” SMITH NMLS 92100
WALTER “BO” SMITH NMLS 92100
4. DEFINITION OF FHA203K
FHA203K is the Code Name for the Renovation Side of the FHA
Program established in 1978.
It allows one to purchase/refinance a home and make
IMPROVEMENTS to a single, duplex, triplex, and fourplex home all
under one closed loan.
These improvements can be as little as Cosmetic in nature or major
improvements such as shoring up a home or additions!
Downpayment is 3.5% Required on Acquisition + Rehab
Terms or 15-30 year mortgages available
Close time normally takes 45-50 days from date of contract.
Most all estimates for Renovation on home begin after contract
