In this episode, we dive into the latest updates to HUD's FHA 203(k) Rehabilitation program, effective November 4, 2024. I’ll break down what these changes mean for homeowners and buyers, from higher renovation limits on 203(k) Limited loans to extended project timelines. We’ll also discuss new Consultant fee increases and explore the impact on overall costs and accessibility. If you're considering a 203(k) loan or simply want to understand how these updates may affect renovation financing, this episode is packed with insights and tips!
Jennifer Goldsby, NMLS 591226
VP, Renovation Lending
Diamond Residential Mortgage Corporation, NMLS 186805
Equal Housing Opportunity
TheRenoGal.com or (844) RENO-GAL
