{"id":382,"date":"2015-07-10T20:15:00","date_gmt":"2015-07-10T20:15:00","guid":{"rendered":"http:\/\/dev.gahomesdigest.com\/blog\/need-money-for-home-rehab-details-on-ga-rehab-loan-programs.html"},"modified":"2015-07-10T20:15:00","modified_gmt":"2015-07-10T20:15:00","slug":"need-money-for-home-rehab-details-on-ga-rehab-loan-programs","status":"publish","type":"post","link":"https:\/\/search4.homes\/need-money-for-home-rehab-details-on-ga-rehab-loan-programs\/","title":{"rendered":"Need Money For Home Rehab? &#8211; Details on GA Rehab Loan Programs"},"content":{"rendered":"<h1><img fetchpriority=\"high\" decoding=\"async\" style=\"font-size: 12px; line-height: 20px; float: right; margin: 10px 20px 10px 20px;\" src=\"\/wp-content\/uploads\/2017\/08\/pinehill682015_2_400.jpg\" alt=\"Money For Rehab\" width=\"400\" height=\"300\" title=\"\">Need Money For Home Rehab? &#8211; Details on GA Rehab Loan Programs<\/h1>\n<p>There&#8217;s a few programs out there for home rehabbing but usually there&#8217;s a lot of red tape. \u00a0 I wanted to give you a bullet pointed list just in case you <strong>need money for home rehab<\/strong>.<\/p>\n<p><span style=\"font-size: 20px;\">FHA 203(k) Streamline<\/span><\/p>\n<ul>\n<li>Up to $35,000 of home rehab can be financed into loan to be completed after closing<\/li>\n<li>Non-structural and non-luxury improvements\u00a0are permitted<\/li>\n<li>Appraisal is based on as-is value plus the proposed improvements<\/li>\n<li>Licensed General Contractor required<\/li>\n<li>Work must be completed within 90 days after closing<\/li>\n<li><strong>Primary\u00a0residences only<\/strong><\/li>\n<li>Purchases and Refinances allowed<\/li>\n<\/ul>\n<h2>FHA 203(b) with Repair Escrow<\/h2>\n<ul>\n<li>Up to $5,000 can be financed into loan for repairs identified by HUD to be completed after closing<\/li>\n<li><strong>Limited to HUD REOs only<\/strong><\/li>\n<li><span style=\"font-size: 12px;\">$100\u00a0down payment\u00a0allowed<\/span><\/li>\n<li>General Contractor Required<\/li>\n<li><em>Home Rehab must be completed within 15 days after closing<\/em><\/li>\n<\/ul>\n<h2>Repair Escrow Program<\/h2>\n<ul>\n<li>Allowed on Conventional, FHA, and VA financing (not USDA)<\/li>\n<li>Up to $5,000 can be escrowed for\u00a0repairs to be completed after closing<\/li>\n<li>Repair cost cannot be financed into loan\u00a0(seller or buyer must contribute)<\/li>\n<li>Can be used when\u00a0seller offers an allowance for repairs or improvements to be completed after closing<\/li>\n<li>Can be used when\u00a0appraisal repairs are required but seller or REO bank won&#8217;t do them prior to closing\u00a0(i.e. HVAC not working, hot water heater missing,\u00a0carpet\/flooring is missing, etc)<\/li>\n<\/ul>\n<p><strong>Related Real Estate Resources:<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/search4.homes\/suwanee\">Homes For Sale in Suwanee GA<\/a><\/li>\n<li><a href=\"https:\/\/www.youtube.com\/playlist?list=PL4C3808A40AABEC8B\" target=\"_blank\" rel=\"noopener\">Real Estate FAQS<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Need Money For Home Rehab? &#8211; Details on GA Rehab Loan Programs There&#8217;s a few programs out there for home rehabbing but usually there&#8217;s a lot of red tape. \u00a0 I wanted to give you a bullet pointed list just in case you need money for home rehab. FHA 203(k) Streamline Up to $35,000 of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":418,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"_links":{"self":[{"href":"https:\/\/search4.homes\/wp-json\/wp\/v2\/posts\/382"}],"collection":[{"href":"https:\/\/search4.homes\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/search4.homes\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/search4.homes\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/search4.homes\/wp-json\/wp\/v2\/comments?post=382"}],"version-history":[{"count":0,"href":"https:\/\/search4.homes\/wp-json\/wp\/v2\/posts\/382\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/search4.homes\/wp-json\/wp\/v2\/posts\/418"}],"wp:attachment":[{"href":"https:\/\/search4.homes\/wp-json\/wp\/v2\/media?parent=382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/search4.homes\/wp-json\/wp\/v2\/categories?post=382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/search4.homes\/wp-json\/wp\/v2\/tags?post=382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}