Thousands of Florida Residents Affected by Unrepaired Sinkhole Properties May Now Have Relief with the GSF Mortgage Corp.
GSF Mortgage Corporation is now allowing sinkhole repair in the FHA Full 203K loan.
New Port Richey, Florida (PRWEB) February13,2017– Across many counties in Florida, including: Pasco, Hernando, Pinellas & Hillsborough, there are thousands of unrepaired sinkhole properties. For these homeowners, obtaining a mortgage or selling to someone needing a mortgage is nearly impossible when a home is classified and stigmatized with a“ sinkhole. ”Property value suffers, insurance is affected and homeowners are stuck in the land of what to do and catch 22.
For Ruth Watkins, Regional Manager with GSF Mortgage Corporation, it was obvious that this population of buyers and sellers were unintentionally neglected. She stated, “We regularly provide financing for “repaired” sinkhole properties so why not find a solution for unrepaired properties? ”With that began a journey to implement the Smart 203K program, a platform intended to simplify rehab and repai rprojects by bringing borrowers, realtors ,contractors and GSF together. As of January 2017 GSF has announced that it can now include sinkhole repair in the Full 203K loan on both refinance and purchase owne roccupied properties. To find out more please visit www.smart203k.com or call 727-856-0500.
Ruth Watkins NMLS#307039 |
This is not an offer to make a loan on any particular terms .All loan applicants must qualify under the underwriting requirements and satisfy all contingencies of loan approval. GSF Mortgage Corporation NMLS#1018. 6328 US HWY 19 Ste D, New Port Richey, Fl 34652
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GSF Mortgage Corporation