Real Estate FHA Financing
First Time Home Buyers often obtain FHA (Federal Home Administration) type loans. The qualifying guidelines are more lenient and the buyer may only need to have a 3% down payment
Fixer Loans FHA 203K Allows for a buyer to purchase a home that needs repairs. A budget is set for the cost of the repairs and is added to the negotiated purchase price of the home. The home loan is closed before the repairs are done, the seller is paid. Then as the repair work is completed, the budgeted repair funds are disbursed.