Friday, November 30, 2012

FHA 203K Mortgage - A Great FHA Mortgage Loan to Rehabilitate a Home!


To comprehend exactly what a FHA 203K Mortgage is we should for starters have an understanding of exactly what a FHA mortgage loan is.
The FHA provides federal government assured mortgages to home purchasers that provides the lenders the assurance to loan money to individuals they might not typically grant a home loan to.
It's not to imply that you will be borrowing funds coming from the federal government neither is it to say that by applying for a FHA mortgage loan you might routinely be accepted.
However it is to say that you will be more probably to be accepted for a FHA mortgage loan than the usual conventional mortgage when you have average or substandard credit rating, such as a bankruptcy, as well as lower than 20% for a down payment. Presently the down payment requirement is 3.5% and that is significantly lower than conventional mortgages.
One of the best deals currently offered by FHA and HUD is the HUD $100 Down Payment Incentive Program. You can buy a HUD foreclosed home with only $100 down payment and if you want to you can still use the FHA 203K Mortgage to rehab it if needed.
Now that we can comprehend the fundamentals of the FHA mortgage loan, it is time to introduce the fact, besides what the regular FHA loan provides, that there are numerous additional FHA home loan programs which home purchasers may decide to take benefit.
These includes the traditional 30 year fixed rate mortgage loan, traditional 15 and 20 year mortgage loans and even many types of adjustable rate mortgages also. You may also get qualified for refinancing or taking out the home equity by way of a home equity loan through FHA programs also.
It appears, although, that probably the most favorite FHA home loan programs that exist is a FHA 203k Mortgage. These loans have the common features of standard FHA mortgages such as versatile credit, assumable mortgages, as well as lower down payment to name some. Yet, they will go one step more by making it simple to rehabilitate a home all in a single loan grouped together.
Having an FHA 203K Mortgage may help individuals who have to renovate their present homes by acquiring financing to do. Also, home buyers may use these mortgages to buy and rehabilitate a pre-existing house in another place.
This could help everybody involved from the neighborhood by making surrounding places better for all the people of the community, to the property owners themselves by permitting people to buy what might be their own dream house, and as well as offering the money for making your dream home possible.
All of this, plus under one mortgage package deal, in the current unpredictable real estate marketplace, taking benefit of FHA programs is certainly the strategy to use!
Considering the glut of foreclosures in the marketplace which includes HUD homes for sale that a number of them needs repairs, the FHA 203K Mortgage could be the solution to acquiring or rehab your own dream home at a discount cost!

Article Source: http://EzineArticles.com/3847860

Tuesday, November 27, 2012

Financing For Mixed Use Properties - 203k Online.com


Mike Young talks about how a 203k mortgage is a great way to find financing for a mixed use property. See more at http://www.203konline.com

Saturday, November 24, 2012

HUD 203K Loan Explained

FHA loans require that a home be in livable condition before closing. If you are buying an investment property that needs extensive repairs then you will not be able to secure a FHA loan in order to purchase the property. Often, a bank will not grant a mortgage on a house that is in bad shape until the repairs are complete, and the repairs can't be done until you buy the house. Talk about a Catch 22! An alternative is the HUD 203(K) loan program.

The HUD 203(k) program makes it possible to purchase a property and include in the loan the cost of the repairs and improvements. It is an insured loan program that is available through approved lenders all across the country but is only available to people who will occupy the house. The down-payment requirement is 3% of the total cost-acquisition and repairs.

These are the steps to get a 203(k) loan:

o Locate a fixer-upper property. When you submit an offer make sure your purchase and sale contract stipulates you are seeking a 203(k) loan and that the contract is only in effect contingent upon approval of the 203(k).

o Find a lender who is approved by the FHA to grant these loans. Your loan application should include a detailed cost of each repair or improvement and an appraisal to determine the value of the property after renovation.

o If you pass the lender's credit worthiness test, you will be approved for a loan. The amount of the final loan will include a contingency reserve of 10 to 20 percent of the remodeling costs to cover any extra work that needs to be done.

o You close on the property, the seller is paid, and the money for repairs goes into an escrow account.

o Money for the contractor will be obtained through a series of draw requests; ten percent will be held back by the lender to assure that the work will be finished and there will be no liens on the property.

The main benefit of a HUD 203(k) loan is the ability to purchase a fixer upper property that requires extensive rehab work to bring it into a livable condition. In addition this loan reduces financing costs for borrowers with one mortgage by having only one set of closing costs that covers all eligible expenses.


Article Source: http://EzineArticles.com/2791812

Wednesday, November 21, 2012

FHA 203k Loan Information


FHA home loans, which are insured by the Federal Housing Administration (FHA), are great financing options for any homeowner who wants to purchase a house or refinance his or her current mortgage. These loans have low interest rates and usually only require down payments of 3.5 percent! FHA loan requirements are simple, so current and potential homeowners are more likely to qualify for these loans than other types of loans.

FHA 203k Rehabilitation Mortgage Insurance Program

The FHA has a specific loan program to help homeowners who want to make improvements or repairs on their home, but do not have the funds to do so. These loans are called FHA 203k loans and can be used for either a purchase or a refinance. There are two types of loans in this program, one loan is for repairs that cost less than $30,000 and the other loan is for repairs that cost more than $30,000.

A streamline FHA 203k option is also available to homeowners who are interested in doing non-structural repairs or improvements. This loan requires less documentation and can be less costly. It allows a homeowner to finance up to an additional $35,000 into his or her mortgage in order to make improvements to the home. An FHA home inspector or appraiser can identify home repairs that need to be made.

How the Loan Can Be Used

Although there are some restrictions on what the loan can be used for, there are plenty of renovations and home repairs that the loan does cover. In general, these include modernization, eliminating safety or health hazards, making a home more accessible for individuals with disabilities, or making a home more energy efficient. More specifically, the loan can be used for roofing, plumbing, flooring, painting, minor remodeling and more.

Loan Requirements

There are certain requirements with this type of financing. Homeowners must spend at least $5000 on their home repairs in order to be eligible. Homeowners must get cost estimates from a licensed and insured contractor(s) before signing the sales contract. The total cost of the mortgage, including the repairs, must remain within the FHA loan limits for the county in which the home is located.

This loan cannot be used to flip houses, and the homeowner must use the loan on the home in which he or she lives. The work being done on the house must begin within 30 days of the loan closing. All work must be completed within six months to comply with the loan requirements.

If a homeowner wants to make repairs to his or her home and needs additional financing, this type of financing could be the best option. Many of the same eligibility standards used for standard FHA home loans apply to the FHA 203k loan. Most lenders will require that the borrower have a credit score of at least 620 to be eligible. To qualify for the loan, certain energy efficiency standards, as well as certain structural standards, must be met.

This loan could be great solution for homeowners who want a better way to finance home repairs and improvements without depleting their savings.


Article Source: http://EzineArticles.com/3822169

Sunday, November 18, 2012

Money to Rehab Your Next Home


When looking for a home, not everyone wants the biggest, best and the newest home. In fact, some people like an old home. Homes with some age tend to have unique architecture, larger lots, more established neighborhoods, little to no HOA fees and they often represent a different type of home ownership all together. But what happens when the home needs so much work, the lender won't give you a loan to buy the home?

Unfortunately, FHA requires any home sold with an FHA loan to meet strict guidelines. Essentially if the government is going to back a mortgage, they want to home to be in good working condition and habitable. This presents a problem to a lot of homeowners looking for an older home, because anything from cracked windows, non-standard flooring, roof damage, missing appliances, etc will be grounds for FHA denying the loan.

This is where the 203k program comes in. Through this program the homebuyer can receive an additional loan for up to $35,000 to repair or improve the home to meet FHA guidelines. In order for this to work, the buyer hires a contract to get bids on everything that needs to be done, they submit the bids to the lender and the lender finances the additional amount for the repair. The money for the repair goes into an escrow account to pay the contractor for the work when it is completed. After the transaction has closed and the buyer takes possession of the home, the buyer has 90 days to get the contractor to complete all the work on the home. Once the work is completed the contractor gets paid and the escrow account closes. This is a great program for anyone looking at a foreclosure home and the home may be in less than perfect condition.

A common question is, "will the additional loan hurt the appraisal value of the home?" The answer here, is "most likely no". As long as the purchase price of the home represents the fair market price of the home, then any repairs made with this program would increase the value of the home by the amount of the repairs being done, if not more. What if you are looking at homes in the top of your price range, and can not afford the higher mortgage amount? In this case, the best way to look at it would be to find a home that needs a fair amount of work done, and bring in a reasonably low offer. Lets say the home is priced at $170,000 but you see it will need at least $20,000 in repair. Place an offer for $145,000 to $150,000 and let the seller know of your intentions to bring the home up to FHA standards through the 203k Streamline program. In most cases, the listing agent or the owner of the property will be well aware of the challenges involved with selling a home that won't pass FHA inspection/approval, and they will welcome the lower offer and knowing you plan on making the deal work with an FHA loan.

Talk with a qualified loan officer about the additional details involved with this program. It is a pretty simple and straight forward, program, nevertheless, it is always a good idea to talk about the program with the person who will be helping you through the process.


Article Source: http://EzineArticles.com/1451718

Thursday, November 15, 2012

The Secrets of the Mysterious FHA 203(k) Rehabilitation Home Loan Unveiled


The FHA 203(k) Home Renovation Loan is perfect for HUD foreclosures, handy-man specials, or any home in need of repair. This is because it offers borrowers the ability to finance the cost of the rehabilitation of a property. And this loan can be used for either the borrower's current residence or a fixer-upper into which a borrower wishes to move. The eligible improvements allowed on FHA 203(k) loans are numerous, and many clients are pleasantly surprised at just how useful of a tool this loan can be. For instance, in addition to typical home improvement loan projects, the FHA 203(k) mortgage loan program can be used to convert a one-family dwelling to a two-, three-, or four-family dwelling.
The 203(k) Program is not offered directly by the FHA, meaning that one cannot apply directly to the government for the loan. Instead, it is offered to the public through FHA-approved lending institutions. It is to one of these institutions that a client applies. And it is one of these lending institutions that ultimately approves and funds the loan. The FHA sets the guidelines and insures the loans to facilitate liberal lending and help with the sale of these loans on the secondary market.
Originally utilized primarily for purchases, the FHA 203(k) loan program was created to help revitalize properties into which families could move and live. As time has passed, these loans have also been made available to existing homeowners seeking to refinance one to four family residences. These residences must be existing structures, at least 1 year old, and be used for residential purposes. This means that they must be owner-occupied. To lenders of traditional loans, these properties in need of repair are considered poor collateral on which they would prefer not to lend. To the FHA, which is committed to expanding home ownership through insurance and more liberal underwriting guidelines, such properties are not only acceptable but also desirable.
The standard FHA 203(k) loan includes purchases or refinances that involve more than $35,000 in repairs. It is available to augment an FHA Energy Efficient Mortgage (EEM), insure the mortgage on a single-family housing unit sold from the REO inventory of HUD, or to insure a mortgage that covers both repairs costs and the refinance of an existing mortgage. Once this $35,000 threshold is reached, it is necessary to involve both an appraiser and a consultant. The consultant prepares the work write-up and cost estimate. An architect, engineering or home inspection service then needs to inspect the property to ensure that:
  1. There are no rodents, dry-rot, termites and other infestation;
  2. There are no defects that will affect the health and safety of the occupants;
  3. The existing structural, heating, plumbing, electrical and roofing systems are adequate; and
  4. The completion of thermal protection upgrades (where necessary).
As such, on a standard FHA 203(k) loan, the process is often as follows:
  • Contact lender for pre-approval
  • Locate property & make offer
  • Offer accepted
  • Home inspection
  • FHA 203K consultancy
  • Architectural drawings
  • Contractor bids & contractor selection
  • Appraisal Loan submission & underwriting
  • Underwriting conditions cleared
  • Loan closing
  • Repair begins Final inspection / Title Closeout
The easiest and quickest version of the program is the FHA 203K Streamline. This allows a home buyer or homeowner to finance up to $35,000 of home repairs in the purchase or refinance of a home. It does not involve HUD 203K Consultants or architects. This is because the Streamline is intended to facilitate uncomplicated rehabilitation or improvements to a home for which plans, consultants, engineers and/or architects are not required. The Streamlined (k) program includes discretionary improvements and/or the following:
  • Repair/Replacement of roofs, gutters and downspouts
  • Repair/Replacement/upgrade of existing HVAC systems
  • Repair/Replacement/upgrade of plumbing and electrical systems
  • Repair/Replacement of flooring
  • Minor remodeling, such as kitchens, which does not involve structural repairs
  • Painting, both exterior and interior
  • Weatherization, including storm windows and doors, insulation, weather stripping, etc.
So, whether it is to finance an impossible to pass-up foreclosure deal, the addition of a new deck, the replacement of a bathroom, saving the purchase of a home that the bank turned down due to property condition or making a change that turns an ordinary home into your dream home, the FHA 203(k) Loan can help.
Article Source: http://EzineArticles.com/1992070

Monday, November 12, 2012

FHA 203K Mortgages - Light Rehab of Up to 35K in Repairs

The Federal Housing Authority or FHA also offers the 203k loan that is for light rehabilitation to a dwelling that requires $35,000 in repairs or less. This is called the Streamline 203k loan. This loan is great for buyers who may pass on a home because it needs minor repairs. This loan is different from major rehab version of the loan by the same name and eliminates paperwork and simplifies the rehab fund process.

How it Works

The 203k Mortgage for light rehabilitation works for homes for sales as well as improvements to existing homes. Its features include 30 year fixed or adjustable loans, 110% loan to value ratio, appraised value is given after the improvements are made to enhance the homes worth, and is great for minor rehabilitation repairs or revitalization.

You must occupy the home within 60 days after the repairs are completed and funds are disbursed to the contractor you pick in two stages. First, a 50% materials draw is funded and when the completion of repairs is 100%, the remainder of the funds is released.

Quick Facts

The Streamline minor rehab loan may be calculated into the original loan balance creating one loan. It can be an adjustable or fixed rate and the mortgage balance can exceed the purchase price of the property. Borrowers do not have to hire professional engineers or architects. A home inspector or an appraiser will create a list of needed or recommended repairs or improvements and you can do the repairs yourself, or hire a contractor.

Eligible Rehab Repairs

This loan is used mostly for light cosmetic repairs not exceeding $35,000 and includes roofs, gutters, and downspouts. It may also be used for HVAC systems, electrical, plumbing, minor improvements to kitchens or bathrooms, flooring, interior and exterior painting as well as new windows and door and weather stripping and insulation. The 203k light rehab loan encourages funds for handicap accessible improvements, energy efficient additions, removing lead paint, and the addition of decks, patios, porches, septic and well system. A buyer may also purchase new kitchen appliances and a washer or dryer.

Ineligible Rehab Repairs

Items not eligible are landscaping and yard work and major remodeling or rehabilitation to any dwelling. It is also not for moving walls, adding rooms or fixing extensive structural damage.

What Are the Terms?

With the 203k light rehab loan, no minimum loan balance is required; however, buyers must intend to occupy the property once the light rehab repairs are complete. The property may not be vacant for more than 30 days and all work must be completed within six months. You do not have to hire a HUD approved contractor; however, a professional must complete your light rehab repairs. All repairs must commence within 30 days after the closing.

Who Does the Work?

This type of mortgage allows the buyer to select their licensed contractor and the lender will review the contractor's experience. The lender will get a firm estimate from the chosen contractor and buyers may even arrange to complete some of the work themselves. If you go the do-it-yourself route, the lender will require documentation showing that you are qualified to complete the light rehab repairs.

Summary

The StreamlineK light rehab mortgage is great to make improvements to your owner-occupied home if the repairs are under $35,000. If the repairs fall below $15,000, the lender is not usually required to perform an inspection and a letter from the borrower is sufficient along with contractor receipts as notice of completion of work.

Perspective homeowners now have the option of buying a home in need of light rehab repairs and it's a lot less paperwork than the major rehab version. The 203k Streamline line loan may also be used as a home improvement loan. If the home you are looking at needs minor rehab repairs, ask your lender to check on this mortgage loans availability.


Article Source: http://EzineArticles.com/2128068

Friday, November 9, 2012

Buying Your Dream Foreclosure For 3.5% Down - FHA HUD Loan


A FHA (Federal Housing Administration) loan is especially suitable for first-time home buyers. The U.S. Department of Housing and Urban Development (HUD) acquires FHA-insured homes which have been foreclosed. HUD homes are made available for sale through websites run by management companies contracted by HUD. Real estate agents who are registered with HUD can present offers on behalf of their clients. The agent's commission is paid by HUD.

HUD homes are sold on an 'as is' basis with no warranty. Since HUD does not take responsibility for any repairs, it is important to have the home inspected prior to making the offer. The down payment for FHA loans is only 3.5%, which is significantly lower than the 20% paid for conventional loans. This down payment can come from own savings, family members, employers or charity organizations. Closing costs for FHA loans are also significantly lower than conventional mortgages. An exception to the 3.5% down payment is the HUD $100 down payment initiative. Buyers can now purchase a HUD foreclosed home with only $100 down payment.

FHA has designed various mortgage loans for the public. Depending on an individual's ability, one can select either an FHA fixed rate mortgage loan or FHA adjustable rate mortgage loan. There are also other special loans like the graduated payment mortgage loan, energy efficient loans, and other loans for other different needs. However, one of the most popular FHA loan programs is the FHA 203K Mortgage. This mortgage enables individuals to acquire financing to renovate their present homes. In addition, the FHA 203K mortgage can also be used to purchase and rehabilitate a house in a different place. Once the buyer decides which FHA mortgage suits them, they can go ahead to apply for the loan. Professional advice for choosing an appropriate loan can be provided by a mortgage loan broker.

Despite the friendly terms of FHA mortgage loans, individuals have to fulfill certain FHA mortgage guidelines. These requirements are in accordance to federal guidelines. To get an FHA loan, one must have been in stable employment, if possible with the same employer, for two years. The borrower should have a minimum credit score of 580, and a debt-to-income ratio of less than 41%. Monthly payments should not exceed 30% of the borrower's salary. FHA will allow individuals to purchase a home three years after a foreclosure, and two years after a bankruptcy.

Since FHA loans are insured by the federal government, they come with competitive interest rates and lenders are likely to give friendly terms that will simplify the process of getting a loan. Even with less-than-perfect credit, FHA loans are easier to obtain than conventional mortgage. In particularly designated areas, K-12 teachers, law enforcement officers, emergency medical technicians and fire fighters can buy a home at price 50% less than the listed price. In addition, evacuees from hurricanes Rita, Katrina or Wilma can buy a HUD home at a discounted rate.


Article Source: http://EzineArticles.com/4188289

Tuesday, November 6, 2012

Home Mortgage Loans From the FHA: Some Helpful Points


There are significant difficulties today in financing the purchase of a new home. This is mainly down to the poor state of the economy, but it is still possible to get an affordable home mortgage loans.
The Federal Housing Administration (FHA) makes this possible, providing support to borrowers by ensuring interest rates are lower, down payments are lower and making approval more likely. In fact, getting an FHA loan approval is not difficult if all of the right boxes are ticked.
However, even with an FHA mortgage loan, it is possible to improve matters to such an extent that it becomes even more affordable. Even with the required down payments less than 3%, and 100 % financing available in certain situations, the terms can be improved.
Improving Your Credit Score
There is no escaping the fact that a home mortgage loan is the biggest debt that anyone will take on. For this reason, spending time improving the bad credit scores in order to improve the overall mortgage package is well worth the effort.
There are a few ways to accomplish this, with the most effective being a consolidation loan. By buying existing debts out, they are marked down as repaid, which improves the credit score immediately. An added bonus is that one loan and one interest rate means that money is saved, and extra cash is made available. So, FHA loan approval is all but guaranteed.
Of course, the first step is to find out what the credit score is. This can be done by contacting one of the three credit agencies (Equifax, Experian and TransUnion). Check that the scores are accurate, and ask for a review if it seems wrong. The score may be improved, this strengthening the application of an FHA mortgage loan.
Changing Jobs is Not Wise
A career move is usually viewed as good, but when preparing to apply for a home mortgage loan the opposite is true. This is because they like to know that the income will be consistent. Changing a job brings with it risks, with new employers setting new expectations.
Showing that a job and income is reliable makes for a strong pitch. This is why applicants who frequently change jobs tend to find it hard to secure large loans, never mind a mortgage of more than a hundred thousand dollars. It would be easier to get FHA loan approval when the applicant has been working for a long period of time by the same employers.
However, that is not to say that, after approval on an FHA mortgage loan is received, the borrower is tied to the same employer. Moving for a better job with better prospects should be done either well in advance or after the application is made.
Control Your Applications
Getting things in order for the home mortgage loan application can take time. But it is important to maintain financial discipline during it. This is because, when the application is eventually made, the lender does not want to see a list of attempts to secure other forms of financing - for example a credit card application.
There are some allowances of course, especially if a loan within the last 12 months was used to clear debts. But credit cards, holiday loans and auto loans are a different matter. FHA loan approval is made more difficult if they are evident. Basically, the lender wants to see discipline, meaning complete focus on getting an FHA mortgage loan and nothing that is unnecessary.

Article Source: http://EzineArticles.com/7237627

Saturday, November 3, 2012

The Secrets of the Mysterious FHA 203(k) Rehabilitation Home Loan Unveiled


The FHA 203(k) Home Renovation Loan is perfect for HUD foreclosures, handy-man specials, or any home in need of repair. This is because it offers borrowers the ability to finance the cost of the rehabilitation of a property. And this loan can be used for either the borrower's current residence or a fixer-upper into which a borrower wishes to move. The eligible improvements allowed on FHA 203(k) loans are numerous, and many clients are pleasantly surprised at just how useful of a tool this loan can be. For instance, in addition to typical home improvement loan projects, the FHA 203(k) mortgage loan program can be used to convert a one-family dwelling to a two-, three-, or four-family dwelling.
The 203(k) Program is not offered directly by the FHA, meaning that one cannot apply directly to the government for the loan. Instead, it is offered to the public through FHA-approved lending institutions. It is to one of these institutions that a client applies. And it is one of these lending institutions that ultimately approves and funds the loan. The FHA sets the guidelines and insures the loans to facilitate liberal lending and help with the sale of these loans on the secondary market.
Originally utilized primarily for purchases, the FHA 203(k) loan program was created to help revitalize properties into which families could move and live. As time has passed, these loans have also been made available to existing homeowners seeking to refinance one to four family residences. These residences must be existing structures, at least 1 year old, and be used for residential purposes. This means that they must be owner-occupied. To lenders of traditional loans, these properties in need of repair are considered poor collateral on which they would prefer not to lend. To the FHA, which is committed to expanding home ownership through insurance and more liberal underwriting guidelines, such properties are not only acceptable but also desirable.
The standard FHA 203(k) loan includes purchases or refinances that involve more than $35,000 in repairs. It is available to augment an FHA Energy Efficient Mortgage (EEM), insure the mortgage on a single-family housing unit sold from the REO inventory of HUD, or to insure a mortgage that covers both repairs costs and the refinance of an existing mortgage. Once this $35,000 threshold is reached, it is necessary to involve both an appraiser and a consultant. The consultant prepares the work write-up and cost estimate. An architect, engineering or home inspection service then needs to inspect the property to ensure that:
  1. There are no rodents, dry-rot, termites and other infestation;
  2. There are no defects that will affect the health and safety of the occupants;
  3. The existing structural, heating, plumbing, electrical and roofing systems are adequate; and
  4. The completion of thermal protection upgrades (where necessary).
As such, on a standard FHA 203(k) loan, the process is often as follows:
  • Contact lender for pre-approval
  • Locate property & make offer
  • Offer accepted
  • Home inspection
  • FHA 203K consultancy
  • Architectural drawings
  • Contractor bids & contractor selection
  • Appraisal Loan submission & underwriting
  • Underwriting conditions cleared
  • Loan closing
  • Repair begins Final inspection / Title Closeout
The easiest and quickest version of the program is the FHA 203K Streamline. This allows a home buyer or homeowner to finance up to $35,000 of home repairs in the purchase or refinance of a home. It does not involve HUD 203K Consultants or architects. This is because the Streamline is intended to facilitate uncomplicated rehabilitation or improvements to a home for which plans, consultants, engineers and/or architects are not required. The Streamlined (k) program includes discretionary improvements and/or the following:
  • Repair/Replacement of roofs, gutters and downspouts
  • Repair/Replacement/upgrade of existing HVAC systems
  • Repair/Replacement/upgrade of plumbing and electrical systems
  • Repair/Replacement of flooring
  • Minor remodeling, such as kitchens, which does not involve structural repairs
  • Painting, both exterior and interior
  • Weatherization, including storm windows and doors, insulation, weather stripping, etc.
So, whether it is to finance an impossible to pass-up foreclosure deal, the addition of a new deck, the replacement of a bathroom, saving the purchase of a home that the bank turned down due to property condition or making a change that turns an ordinary home into your dream home, the FHA 203(k) Loan can help.
Article Source: http://EzineArticles.com/1992070