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Category Page for: 203(k) Basics

203(k) Architectural Exhibits

July 26th, 2008 at 2:09 am » Comments Off

The improvements must comply with HUD's Minimum Property Standards (24 CFR 200.926d and/or HUD Handbook 4905.1) and all local codes and ordinances. The homebuyer may decide to employ an architect ...more »

FHA Loan Limits by County

June 15th, 2008 at 11:58 pm » Comments Off

  Mortgage maximums updated May 1, 2009    County Name State One-Family Two-Family Three-Family Four-Family  Imperial CA $325,000 $416,050 $502,900 $625,000  Kern CA $368,750 $472,050 $570,600 $709,150  Los Angeles CA $729,750 $934,200 $1,129,250 $1,403,400  Orange CA $729,750 $934,200 $1,129,250 $1,403,400  Riverside CA $500,000 $640,100 $773,700 $961,550  San Bernardino CA $500,000 $640,100 $773,700 $961,550  San Diego CA $697,500 $892,950 $1,079,350 $1,341,350 more »

203(k) Consultant Fees

June 14th, 2008 at 1:18 am » Comments Off

  The 203(k) Consultant insures all HUD minimum standards are met. The Consultant will walk-thru the property, with the Buyer, to incorporate any client desired improvements, make suggestions which the Consultant believes ...more »

Eligible Improvements

May 20th, 2008 at 12:33 am » Comments Off

Structural alterations and reconstruction: (Repair or replacement of structural damage, chimney repair, additions to the structure, installation of additional bath(s), skylights, finished attics and/or basements, repair of termite damage and ...more »

203(k) Eligible Properties

May 6th, 2008 at 1:16 pm » Comments Off

1. Any one to four unit properties which have been completed (with a certificate of occupancy) for at least one year are acceptable according to the provisions of local zoning ...more »

Things You Can Do With 203(k)

May 6th, 2008 at 12:53 pm » Comments Off

Mixed Use properties - You can renovate a mixed use property provided the commercial space represents less than one floor of the structure. The commercial uses cannot affect the health ...more »