Sunday, March 16, 2014

I Need A Swimming Pool At My New Home Is The FHA 203k Going To Help?

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No, sorry to say, BUT WAIT, we have a program that will do that very thing. The FannieMae HomeStyle Renovation will allow you to install a brand new pool and do the other repairs you may want to do. You don't gain the 10% advantage on the appraisal but otherwise it works very much like the FHA 203k program.

So, if you need a swimming pool or need to complete a partially completed pool, the FannieMae product may fit your need better.

The FHA 203k can include repairs to an existing pool up to $1,500 but that would not do much as you can imagine.