Satisfaction Construction

Consumers need to be aware of the opportunity that awaits them. They should not pass up buying or selling a home because it needs improving. One of the great benefits of the FHA 203k Streamline rehab program is that it is only one loan for purchase or refinance, including improvements; unlike traditional rehab loans. Using a traditional loan a buyer is required to make improvements before a long-term mortgage loan is obtained. Traditional rehab loans require two loans: One loan for the property and one for improvements. Upon rehab completion, a traditional permanent mortgage is created to pay-off the property (acquisition) and repair (construction) loan.