Lehigh Valley Real Estate - Tips 4 Homeowners, Buyers & Agents

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Lehigh Valley Foreclosures & Real Estate - What is FHA Renovation Financing "Rehab Loans" , How Does it Work & The Benefits?

Lehigh Valley Foreclosures & Real Estate - What is Renovation Financing "Rehab Loans" & How Does it work? - What are the Benefits to the Lehigh Valley Home Buyer?

What is Renovation Financing?

  • It is financing will all the fixings
  • The money to purchase a home
  • The money to repair, upgrade or remodel
  • All in a single first mortgage transaction
  • FHA Programs Available - FHA 203K Streamline, FHA 203K Standard


How Does Renovation Financing Work?


  • Loan amounts are based upon AFTER IMPROVED property values
  • Estimates of repairs and/or other improvements are determined prior to closing
  • home purchase closes in AS IS condition
  • Home Buyers make improvements AFTER closing (4 to 6 months)
  • Renovation costs are spread throughout the mortgage term





What are the Benefits of Renovation Financing? for the Home Buyer "Borrower"


  • Choose a great lot or neighborhood and create their dream home.
  • Take advantage of market opportunities with "Handyman Specials"
  • Stay within certain school districts, but gain modern amenities
  • Make Energy Efficient Upgrades
  • Build Instant Equity

WANT MORE?  Check out more Topics or Go to my Lehigh Valley Foreclosure Blog


What Type of FHA Loans are Available for Renovation Financing?

What is the process for Getting an FHA Renovation Financing Loan?

Getting a Loan for Foreclosures, Handyman Specials & Short Sales - THERE IS A WAY

* Lehigh Valley Foreclosures & Real Estate - What is FHA Renovation Financing "Rehab Loans", How Does it work & The Benefits?* Moriah Martin is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License

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