Course Description
In today's real estate market, more and more homes are coming for sale as foreclosures. Many of these and other homes on the market need the TLC that the home owners just don't have the money to provide.
The 203k loan is a way to get these "diamonds in the rough" back to bonafide diamonds again - and create a profitable market niche for you!
What Is A 203K Loan?The FHA 203k loan program is the primary program for the rehabilitation and repair of single family properties. With a 203k loan, the borrower can get just one mortgage loan that includes both the cost of buying the property and the cost of renovating it!
Realtors and mortgage professional can utilize the 203k loan program to sell more properties to clients and prospects who otherwise either don't have the funds - or don't want to use personal funds - to "fix the place up".
Why Offer 203k LoansIf you are wondering what you could do to enhance your existing business, this may be just what the doctor ordered.
Because they can be complex at times, many real estate agents and mortgage professionals do not work them. This gives you the opportunity to specialize in a much-needed yet underserved market niche.
What You LearnThis course gives you specialized training on how to utilize 203k loan programs and to market yourself as your area's 203k Consultant where you can hire yourself out to either explain what to do or charge a higher fee to do the work yourself.
With this training, you'll learn how to complete the necessary paperwork for submission to your lender, and how to build a business around the 203k and related loan programs. You'll also see what lenders are closing these loans!
By offering 203k loans, you will:
- Help clients and prospects purchase homes that the average buyer turns away from, because you'll know how to make it work!
- You'll be helping your referral partners by opening up doors to previously "turned away" business
- You'll be helping your community by speeding up the turnover of homes that need attention
This program consists of training materials, workbook, audio CD, and sample forms, plus what to do from start to finish on a consultation.
Act now to create your own market niche!