close
qualified member of REALTOR, buying property in the Colorado Springs area due to a military move, relocation, or simply looking for a new home, living in CO springs, home search, building a home, offer military discounts home purchase find in Colorado, new home construction
Top Panel
                                           Also serving: Fountain, Black Forest, Falcon, Monument, Security, Widefield, Woodland Park and the surrounding areas.
military rebates1

Selling A Home Advice- quick links

Buying A Home Advice- quick links

Real Estate Advice- quick links

Real Estate Advice

Mortgage Calculator

Loan amount:

(Use "." for Decimals)
Duration:
years
Interest rate:
%
Monthly repayments:
$
Total to be re-paid:
$
Help
property search- large
CO Springs beauty
Are there government programs for rehab?
The U.S. Department of Housing and Urban Development's Section 203 (K) rehabilitation loan program is designed to facilitate major structural rehabilitation of houses with one to four units that are more than one year old. Condominiums are not eligible.

The 203(K) loan is usually done as a combination loan to purchase a fixer-upper property "as is" and rehabilitate it, or to refinance a temporary loan to buy the property and do the rehabilitation. It can also be done as a rehabilitation-only loan.

Plans and specifications for the proposed work must be submitted for architectural review and cost estimation. Mortgage proceeds are advanced periodically during the rehabilitation period to finance the construction costs.

For a list of participating lenders, call HUD at (202) 708-2720.

If you are a veteran, loans from the U.S. Department of Veterans Affairs also can be used to buy a home, build a home, improve a home or to refinance an existing loan. VA loans frequently offer lower interest rates than ordinarily available with other kinds of loans. To qualify for a loan, the first step is to apply for a Certificate of Eligibility.

Another program is the Fedeal Housing Administration's Title 1 FHA loan program.

Resources:
* "Rehab a Home With HUD's 203(K)" brochure, U.S. Department of Housing and Urban Development, 7th and D streets S.W., Washington, DC 20410.
 

Real-Estate Resource Guides

re advice resourceReal-Estate
What to do and what not to do when buying and selling property.		 buying resource- largeBuying
Kathy Warden will help you with every step of the buying process.		 acceptSelling
Online or in person Aspen Realty is here to help.

School Information

school info iconOne of the most important factors a family has to consider when relocating. Dramatically reduce your research with Kathy Warden's help, president of Aspen Realty.

Community Profiles

community info iconRelocating from out-of-state or from within Colorado? Aspen Realty is your expert leader in not only finding your new home but helping you learn more about your new neighborhood.

Property Search

home search iconAspen Realty will help you find the perfect home and navigate you through the maze of uncertainties with buying and selling. MLS Search | My Listings | Contact Me

Free Reports

report icon>10 important tips to successful real estate investing
>Seven selling mistakes you don't want to make!
>5 secrets to buying the best house for your money many more...