The Renovation Revolution: 203K And HomeStyle Mortgage Loans

Posted on Jan 20, 2016 in FHA Information

Statement by the President on the Retirement of Representative Jim McDermott
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President Obama Announces Another Key Administration Post
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The Renovation Revolution: 203K And HomeStyle Mortgage Loans
The answer is this; you can get a mortgage to buy a house and fix it up at the same time using the same loan. Renovation financing otherwise known as FHA 203K and Fannie Mae HomeStyle loans; provide solutions for this stalled market segment.
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Mortgage Loan Rates Fell Last Week, order Refinancings Jump
The average interest rate for a 15-year fixed-rate mortgage fell from 3.42% to 3.29%. The contract interest rate for a 5/1 adjustable rate mortgage loan increased from 3.14% to 3.20%. Rates on a 30-year FHA-backed fixed-rate loan fell from 3.90% to 3.86%.
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