Loading Events

« All Events

  • This event has passed.

CB Bain | VAM: FHA 203k Loans Creating Dreams | Oregon City | Jan 24th 2019

January 24 @ 10:00 AM - 11:00 AM

Free

FHA 203k Rehab Loans – Create Your Clients Dream Home


Presenter: Mike Devlin, Branch Manager (Value Added Mortgage)




Learn how to take a great fixer-upper and help your clients transform it into their dream home? Consider the FHA 203k renovation loan program. This financing solution combines the purchase or refinance of a home with the cost of improvements and repairs. There are two options: Standard 203k and Limited 203k.




General FHA 203k highlights




  • Standard FHA guidelines apply




  • Available on fixed-rate, high-balance loans with 15 or 30 year terms




  • Minimum down payment based on the value of the home after improvements




  • Minimum credit score required




  • Owner-occupied, primary residence only




  • Repairs must start within 30 days and be completed within six months





Standard 203k


This is intended for more complex projects that involve structural changes to the home that may prevent you from living there. This option is used if engineering or architectural drawings and inspections are required.


Repair amounts:




  • Minimum $5,000




  • No Maximum






Limited 203k


This program is designed for less expensive improvements that do not require a consultant, architect or engineer.


Repair amounts:




  • No Minimum




  • Maximum $35,000

















Please Note:


This is an exclusive event for CB Bain, brokers, staff, and guests by special invitation.


If you cannot attend it is very IMPORTANT that you CANCEL your registration. CLICK HERE for step-by-step instructions.


In the case of rescheduling or event cancellation, the registered attendees will be notified by email.


Clock hours for this course are for OR brokers.


We respectfully ask that brokers who are sick, please consider their fellow colleagues and abstain from attending classes until they are no longer sick.




Thank you!

Venue

Coldwell Banker Bain of Oregon City
19719 S Hwy 213
Oregon City, OR 97045 United States

Organizer

CBBain Training & Education Team