Best Mortgage and Home Loans

Your Mortgage, My Mission

"I love working with my mortgage clients through every step of the buying process... To do my job the best I can, and then be able to sit with them at the closing table, and see their faces as they buy their first home. It's like Christmas for me. There's just nothing better."
-Taylor Hill - 615-243-7590

Need a 203K?

Posted on | May 18, 2009 | 1 Comment

203K’s are getting harder to find these days as lenders struggle to get loans underwritten and closed. However, there are some companies that are actually flourishing and the 203K is a good part of their overall mix of loans. These companies are looking forward at what can be done with the bank owned properties (REO) and foreclosure properties as well as HUD and just renovation of a home you have instead of selling and moving up to a larger house. All of the scenarios can be accomplished with a 203K loan.

If you are not familiar with this type of FHA loan it is simply a way to finance your upgrades and renovation into an existing loan. There are certain requirements that have to be met and it normally has a little bit higher interest rate and some additional fees for inspections, etc. and is overall way more inexpensive then trying to renovate on credit cards! If you are interested in this type of loan, call New South Federal Savings 615-269-9444 and ask for Taylor. Find out if this is the loan for you!

Category: Mortgage Market, THDA News
Tags:

Comments

One Response to “Need a 203K?”

  1. Brett
    July 12th, 2009 @ 8:39 pm

    Hey, stumbled upon this site while doing a google search for 203k loans in Nashville. Really helpful information, and I plan on giving Taylor a call tomorrow morning! Thank you!

    -Brett

Leave a Reply





Testimonials

"I was very nervous since this was my first house. Taylor was great! I never had to call him because he kept me informed through the entire process. I don't think I could have had a better experience." - Al K.

Subscribe to our feed

Search

Admin