Renovation Finance Manual

The current Real Estate Market is flooded with distressed properties which need repair. Standard loan programs require improvements be completed prior to closing. Therefore, if using old methods, you obtain bad results. The applicants may qualify for Credit, but the Property may not be acceptable to either the Underwriter or Appraiser. If this is the case, your loan will never close using old traditional methods.

By using an FHA 203k loan, which this manual addresses, properties can…