203K Loan Program
Esbey Construction has teamed up with two leading professionals in the Portland area to bring prospective home buyers a full package of services needed to navigate this increasingly popular loan program.
Leissa Gebert of The Mortgage Consulting Group and Bill Metzker of
Terradigm Real Estate Consultancy LLC complete a team dedicated to helping you through the entire home purchasing process.
The Loan
It's
called the FHA 203k Rehabilitation Program.
Many home buyers, especially
first-timers, find foreclosures or short sale properties that need work. With
the 203k loan program, these buyers can wrap the cost of repairs into
their mortgage loan and pay for the work from escrow.
Not buying a home? Present home
owners can also take advantage of this program. As a real estate broker, I can
honestly say that certain updates may really enhance your home's future
marketability.
With a 203k Streamline
loan, owners can not only refinance at today's rates, but do some fixup and
updating as well and package it into the loan.
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