Preservation resource center
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This document provides information about FHA 203k renovation mortgages from a lender based in Houston, Texas that has originated over $4 billion annually since 1988. It offers FHA 203k loans that allow homeowners to purchase or refinance a single-family home and finance required renovations and improvements through a single mortgage. The FHA 203k program allows for renovations to be cosmetic or major work, requires a 3.5% down payment on the acquisition and rehab costs, and typically takes 45-50 days to close from contract date.
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Preservation resource center
- 1. FHA 203K Renovation Mortgage!
- 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
- 5. Houston We Have A Problem!
- 6. Which Way Do I Go?
- 7. Where Can I Learn?
- 9. Who are the Players? But not all are on the same team! But not all are on the same team!
- 11. AFTER!
- 13. Mayor Reeves
- 14. House I want! ..Before!
- 15. Wanted to be next door to this!
- 16. After!
- 17. After!
- 18. After!
- 19. Hattiesburg, MS!
- 20. Crystal Springs, MS Circa 1870s under construction! Circa 1870s under construction!
- 21. THANK YOU!