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

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FHA 203K Rehab Seminar

  • 1. FHA 203k RENOVATION LENDING Terry Cronin of The Kent Group
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