Yes Siree!Three Offers!!Full Offers!House Sold!No Out of Pocket Money to Seller or Buyer! Wow!
203k Creates OptionsBuyers Get What THEY WantNo Cost to SellersNO Guessing on Colors, Styles, etc.!!!Sells HOMES!
Lets TalkNumbersThe number ofloans that havebeen financed asStreamlined 203(k) loans havecontinued toincrease over thepast several years. 24
203(k) Volume• 2008, the 203(k) program insured 6,749 loans, nearly double the previous year’s level.• 2009, 16,904 203(k) loans were insured, and the volume continues to increase. *Source: FHA. FY 09 as of September 30, 2009
2010 Endorsements PROJECTIONS RATE OF FY 2011 FY 2011 FY 2010 CHANGE FY 2010 AS OF OCT 10 TO DATE TO DATE 2011/2010 FINALSection 203(k) 22,000 4,781 5,274 -9.3% 22,491 2011 21,297
What Does the FHA 203k Offer? More favorable loan terms Higher loan limits Flexible down payment options
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