Waukesha, Wis.-based Inlanta Mortgage has begun offering Federal Housing Administration (FHA) 203(k) loans and has hired a program expert to assist borrowers with the specialized program.
FHA 203(k) loans are used to help with the financing of properties that need to be updated, rehabilitated or expanded. With this program, a borrower is able to fix up his or her existing home or purchase a new home that is in need of repair.
Cassy Humberger, who has been specializing in the 203(k) program for more than nine years, has joined the company as a branch manager working out of the Carmel, Ind., office.
"Since this is such a specialized loan, we felt it was essential to find someone with experience in this program to assure everyone involved in the process, especially our borrowers, are properly educated on how this program works," says Jean Badciong, chief operating officer at Inlanta Mortgage. "In addition, Cassy is training our existing loan officers that would like to offer this program but are not familiar with all of the details."
SOURCE: Inlanta Mortgage