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When you buy a property that needs structural repairs and/or needs repairs in excess of $35,000, you are talking about projects that may require professional experience and expertise in construction, architecture, building codes and more. Most homebuyers do not have the level of knowledge and experience required to oversee such a major undertaking.  That’s why you need a good 203K consultant.

FHA (Federal Housing Authority) loans are not hard to get: most lenders work with FHA.  Before you call in a builder to give you an estimate find leander, you need to know that you can get the money. Even when you have the leader don't contact a Building Contractor until you have hooked up with your 203k FHA consultant so we can help you with cost estimation! 

The minimum down payment for a 203(k) loan is 3.5% if your credit score is 580 or higher. You'll have to put down 10% if your credit score is between 500 and 579. Down payment assistance may be available through state homebuyer programs, and monetary gifts from friends and family are permitted as well.