This will bring hundreds of thousands of buyers into the market to purchase homes that they want to buy but can't due to lack of cash or limited financing options.
There are millions of distressed bank owned homes across the country that need to be updated & modernized. The Investor FHA 203(k) provides the financing and oversight to update these homes in a way that will revitalize and bring investment into our communities.
There are not enough qualified owner-occupant buyers to buy the amount of foreclosures coming our way.
This will assure that families are moving into clean, safe, functioning homes where the major systems are inspected and in working order.
Revitalize communities, create jobs and bring investment back. It's time to lift the moratorium for the Investor FHA 203(k)