New rules concerning lead based paint repairs became effective on 04/22/10. Mortgagee Letter 2010-17 We thought we would share some basics that you should consider when purchasing or renovating a home built prior to 1978. When the FHA appraiser or 203(k) Consultant calls for lead based paint repairs due to peeling or chipping paint in…
Read MoreTag: HUD 203k loan Program
The Federal Housing Administration has loan programs to assist individuals with home ownership and one of these programs is the FHA 203k loan. This loan program is not one to purchase a new home, but to purchase and remodel an existing home. These loans are for individual families and investors. The goal of the program…
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