FHA 203K Rehab Seminar

FHA 203k RENOVATION LENDING Terry Cronin of The Kent Group

Streamlined 203k Loan ,[object Object],[object Object],[object Object],[object Object]

Streamline Renovations Allowed ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Full 203k ,[object Object],[object Object],[object Object],[object Object],[object Object]

Full 203k FHA CONSULTANT ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Guidelines - Property ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Guidelines – Loan Amount ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Guidelines - Credit ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Guidelines - General ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Guidelines – Income ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Guidelines – Purchase ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Guidelines – Mandatory Repairs ,[object Object],[object Object],[object Object],[object Object],[object Object]

Guidelines – Appraisal ,[object Object],[object Object],[object Object]

Guidelines – Fee Schedule ,[object Object]

Inspection Fees ,[object Object]

Feasibility Study ,[object Object]

Title Update Fees ,[object Object]

Other Fees ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Steps for Success ,[object Object]

STEP #1: Borrower Finds a Property Preliminary Feasibility Study ,[object Object],[object Object],[object Object],[object Object]

Review the Purchase Contract ,[object Object],[object Object],[object Object],[object Object]

Borrowers and Consultant Meet at the Property ,[object Object],[object Object]

Obtain the Plans and Specs ,[object Object],[object Object]

Order an Appraisal – Obtain Bids ,[object Object],[object Object],[object Object],[object Object]

Builders Agreement ,[object Object]

Disclosing Fees ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Maximum Mortgage Worksheet ,[object Object],[object Object],[object Object]

Maximum Mortgage Worksheet Basic Information Section Be sure to include FHA case number

Maximum Mortgage Worksheet ,[object Object],[object Object],[object Object],[object Object]

Maximum Mortgage Worksheet ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Maximum Mortgage Worksheet ,[object Object],[object Object],[object Object],[object Object],[object Object]

Maximum Mortgage Worksheet ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Maximum Mortgage Worksheet ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Maximum Mortgage Worksheet ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Maximum Mortgage Worksheet ,[object Object],[object Object]

Submit to Underwriting ,[object Object],[object Object],[object Object]

At Closing ,[object Object],[object Object],[object Object],[object Object]

Renovation Period ,[object Object],[object Object],[object Object],[object Object]

Final Inspection - Completion ,[object Object],[object Object],[object Object],[object Object],[object Object]

Contact Terry ,[object Object],[object Object],[object Object],[object Object],[object Object]

FHA 203K Rehab Seminar

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