• Login
    • Register

Central Oregon BuzzCentral Oregon Buzz

Thesa Chambers, Principal Broker

Contact Us Today At (541) 771-7064
thesa@centraloregonbuzz.com

70 SW Century Dr #110 Bend, OR 97702

  • Menu
  • Home
  • Search
  • Buyers
    • Buyer’s Info
  • Sellers
    • Seller’s Info
    • Sold & Active Listings
  • Communities
    • La Pine
    • Three Rivers South
    • Bend
  • Resort Communities
    • Caldera Springs
    • Sunriver
  • My Listings
  • Blog
  • About
    • Connect with Thesa
    • Connect with me.

Repairs Can Be Finance – with FHA 203

Many times a buyer will find the perfect home and it just needs a some fixes – these home can be purchased with a 203k FHA loan.  Although these loans can be tricky and the buyer, agent, lender and yes even the seller should be aware of the process they can be done.

Half the success of closing a loan and a purchase is making sure the people involved understand the process and what to expect.  With a 203k loan your repairs can be financed int he transaction, however before your appraisal you will want to have a qualified contractor look at the home, and give you an accurate estimate of the repairs.  The estimate needs to be very detailed this estimate is used as part of the appraisal.  The appraiser will be given a copy of this estimate and consider what the value of your home would be after your repairs are complete.

In Central Oregon these loans are a little trickier than in your more populated areas, because the list of certified and qualified contractors, engineers and so on are limited.

Posted in: Buying Tagged: 100% financing, bank owned homes, bank owned property, central oregon homes for sale, first time home buyer, mortgage information, mortgage loans

Comments

  1. Paul Welden says

    October 12, 2010 at 4:27 pm

    There is now a national 203k contractor directory that actually educates contractors on the 203k loan program. The operators also run 50 state-specific 203k contractor directories such as http://203kContractorsOregon.com . Check it out.

    Reply
    • Thesa Chambers, Broker, ABR says

      October 22, 2010 at 10:24 am

      thanks for the directory

      Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Post navigation

« Can The Seller Pay My Closing Costs
Buying Bare Land Is Possible »

About Thesa

As your real estate agent, I understand the value of providing the best possible service to every buyer and seller. Listening carefully to fully identify not only your desires but also your needs. Then work diligently to ensure that both are accommodated to the best of my ability. We will stay abreast on changing market conditions, trends, developments and research all factors that could affect the purchase or sale of your property.  My success and your happiness greatly depend upon the quality of the relationship we achieve.  Through personal redefinition of the professional standards set by most agents, I hope set myself apart from the rest and become the first person that you think of for all of your real estate needs.

Search Homes

  • Basic Search
  • Search By Address
  • Search By MLS#
  • Map Search
  • Create an Account
  • Log Into Your Account
  • Connect with Thesa
  • Request a Home Value

Contact Thesa

Thesa Chambers, Principal Broker West + Main Homes
thesa@centraloregonbuzz.com
(541) 771-7064
© 2023 · Equity Framework
The data relating to real estate for sale on this website comes in part from the MLS. Listing broker has attempted to offer accurate data, but is not guaranteed accurate. All information presented is deemed reliable but not guaranteed.

Listings Sitemap · Log in