REPAIRS

203K back end ratio 58%....will this fly??? (Members)
The back end ratio with doing just a FHA purchase is 41% 53%. We get an approve eligible. However, if we structured as a 203K rehab, then the ratios are quite high even though we still get an A
http://forum.brokeroutpost.com/loans/forum/2/288179.htm (Replies: 13)
Related tags: [repairs higher than expected]

Calyx Point and financing USDA repairs (Members)
Hello All, I need assistance with Calyx Point 7.2. For those of you familiar with USDA, you can finance repairs and closing costs if the appraisal supports the costs. Here is the scenario: the p
http://forum.brokeroutpost.com/loans/forum/2/284855.htm (Replies: 0)
Related tags: [calyx, usda, repairs]

Need repairs for FHA to close- get up to $8,000 (Members)
If your you have an FHA loan and the property needs some work in order to close, but your client doesn't have the money, help them get up to $8,000 for work. If you close the loan within 90 days,
http://forum.brokeroutpost.com/loans/forum/2/284143.htm (Replies: 0)
Related tags: [property needs repairs]

FHA Repair Escrow How Much time to have? (Members)
Is there a set time that approved repairs have to be made in, ie: 10 days, 30, 60? FOR FHA 203b. Please advise. Thanks...
http://forum.brokeroutpost.com/loans/forum/2/254031.htm (Replies: 2)
Related tags: [to make required repairs]

How livable does investment property have to be? (Members)
Guys, How "livable" does an investment property have to be? There's mold in the property which could be under $5k to repair (could do a repair escrow for this). The property is also in need of an e
http://forum.brokeroutpost.com/loans/forum/2/242215.htm (Replies: 2)
Related tags: [mold (could cost $4500 in repairs). escrow?]

Appraisal issue with FHA (Members)
I am doing an FHA purchase and on page 2 of 6 of the appraisal the value was marked "subject to the following repairs or alterations on the basis of a hypothetical condition that the repairs or altera
http://forum.brokeroutpost.com/loans/forum/2/235734.htm (Replies: 10)
Related tags: [required repairs]

Damaged Property Loan (Members)
I have a customer that is buying a home that is in need of repair. It has a bathroom that has been ripped out and the wall seperating it from the bedroom has been taken down. They are buying from a
http://forum.brokeroutpost.com/loans/forum/2/206590.htm (Replies: 6)
Related tags: [damaged home, repairs needed]

Fix and Flip Loans. Make up to 4 points (Members)
I work hand in hand with private rehab lenders. The lender charges 2 points and you can charge up to 4 (normal is 2). It is 100% purchase, repair money and closing costs up to 70% of the ARV (After
http://forum.brokeroutpost.com/loans/forum/2/198031.htm (Replies: 0)
Related tags: [100% purchase, repairs and closing cost rolled in]

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