ESSEX MORTGAGE BANK'S FHA 203 K FORECLOSURE FIXERS AND REHABILITATION LOANS FOR CONTRACTORS

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) June 9, 2010 -- OVERVIEW
The FHA 203(k) program provides a single-close loan that enables a qualified borrower to purchase a
home that may need repairs, to refinance an existing home for the purpose of remodeling, or to move
an existing home to a mortgaged property. The streamlined FHA 203(k) program allows the borrower to
finance a maximum of $35,000 to make improvements. Both programs generate the necessary funds for
renovation by financing the as-completed value of the home, rather than the present value.
FHA 203(k) features:

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ESSEX MORTGAGE BANK'S FHA 203 K FORECLOSURE FIXERS AND REHABILITATION LOANS FOR CONTRACTORS

Welcome visit Our WebSite:

http://www.fhasubmissions.com

• Primary residences that are 1- to 4-unit properties
• Purchase and rate/term refinancing
• Fixed rate mortgages with 30-year term
• 1-year adjustable-rate mortgage with 30-year term
• Up to six months for rehabilitation
• One underwriting review and one closing for rehabilitation construction and permanent financing
Designed for borrowers who:
• Want an alternative to a closed-end second mortgage or HELOC
• Can benefit from flexible qualifying requirements
• Are looking for a cost effective way to repair or improve their current home

• Plan to purchase a home with repair contingencies
• Want to rehabilitate a neglected or damaged foreclosure
For more information, contact me today.
** Watch this video -- http://www.youtube.com/watch?v=_ZXHFo3p0Uc -- Here is all you need to know about the 203k **

Jeffrey Martino Young at Essex Mortgage Bank in Santa Rosa,Ca. 95404
toll free 1-877-870-2676 or http://www.fhasubmissions.com

More information can be found online at http://www.fhasubmissions.com

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