Inlanta Mortgage is now offering 203(k) loans and has hired an expert to assist borrowers with the specialized program.
Waukesha-based Inlanta Mortgage announced it is now offering 203(k) loans and that it has hired an expert to assist borrowers with the specialized program.
Cassy Humberger has joined the company as Branch Manager and is working out of Inlanta Mortgage’s Carmel, Ind. office.
An FHA 203(k) loan is a program that has been specifically designed 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.
“With the number of foreclosures on the market, especially those homes that need a little fixing up, an FHA 203(k) loan is an excellent program,” said Jean Badciong, chief operating officer at Inlanta Mortgage. “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. 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.”