Share 'Why use the 203K Renovation loan - with the new increase in FHA Mortgage Insurance?'
The FANNIE MAE Renovation will became much more attractive in 2014: 660 MidScore. Up to 95% LTV based on after improved value. About half the monthly MI payment you see with FHA. No HUD Consultant Required which saves money and makes the contractors much happier and the transaction much smoother. Quicker closings.Did I mention, that Investors are allowed as well?
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