Charlotte 203k FHA Loan Funds and Required Lead Paint Inspections!

One of the approved uses for 203k loan funds is for the stabilization or abatement of lead-based paint. If the house you are considering to purchase was built prior to 1978, a lead paint inspection can identify the location of any lead paint.  After Get The Lead Out® stabilizes or removes any lead paint, our clearance testing will show that thee is no hazardous lead dust remaining in the house.

Many of the 203k FHA loans in our Greater Charlotte area are used for the acquisition and remodeling of vacant houses.  If a  house has been sitting vacant for a time, mold might be an issue. Get The Lead Out® can test the house for the presence of mold, identify the type of spore, determine where the moisture is entering the house, and recommend a mold removal action plan.

The 203k FHA home loan program is an exciting and unique type of program for homeowners who enjoy the architectural history and beautiful “age” of homes around our Greater Charlotte area.

We can help you with any type of environmental, lead paint or mold inspections and removal.  Please call Pete Hubicki with Get The Lead Out® at 704-376-3594 or email peteh@gettheleadout.biz.  We look forward to working with you and your 203k FHA home loan process!

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Is a 203k FHA Home Loan Right for You?

Get The Lead Out® is excited about the recent surge in popularity about the 203k FHA Home Loan program!  203(k) loans are becoming more popular than ever.  This is because there are so many foreclosures on the market that need repairs. 

203(k) loans will allow you to do repairs up to FHA limits in your area, but have a minimum of $5,000 that goes toward repairs.   This loan allows a customer to finance the purchase price, or the existing balance, and the cost of improvements into the loan amount.

There is one closing and funds are held into an escrow account and dispersed as work is completed.  The program has the same guidelines as the regular FHA program and can be combined with the HUD $100 down program.  You can have up to 6 months to complete the work!

Get The Lead Out® performs lead paint inspections and mold inspections for 203k FHA home loan programs.  Our professional lead paint and mold inspection teams will perform an overall inspection and alert you and your bank to the presence of lead paint, lead dust or mold.  If the presence is discovered, we can safely manage the removal of the lead paint and mold.

To find out more about our lead paint inspections and mold inspection programs for the 203k FHA home loan process, please call Pete Hubicki at Get The Lead Out® at 704-376-3594 or email peteh@gettheleadout.biz.  We can work directly with you or your lender!

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Get The Lead Out® Provides Inspections for Charlotte FHA 203K Home Loans

One of the best pieces of financial news to hit the Charlotte mortgage and home buyer’s market is the FHA 203K home loan.  Get The Lead Out® in Charlotte is working with lenders and home buyers because there are so many foreclosures on the market that need repairs. 

203(k) loans will allow you to do repairs up to FHA limits, but have a minimum of $5,000 that goes toward repairs.   This loan allows a customer to finance the purchase price, or the existing balance, and the cost of improvements into the loan amount. There is one closing and funds are held into an escrow account and dispersed as work is completed.  The program has the same guidelines as the regular FHA program and can be combined with the HUD $100 down program.  You can have up to 6 months to complete the work, which is very generous.

One of the approved uses for 203k loan funds is for the stabilization or abatement of lead-based paint. If the house was built prior to 1978, a lead paint inspection can identify the location of any lead paint.  After we stabilize or remove the lead paint, our clearance testing will show that there is no  hazardous lead dust remaining in the house. 

Many of the 203k loans are used for the acquisition and remodeling of vacant houses.  If a house has been sitting vacant for a time, mold might be an issue. We can test the house for the presence of mold, identify the type of spore, determine where the moisture is entering the house that is permitting the mold to grow, and recommend a removal action plan.

Over the next few weeks, Get The Lead Out® will be posting more information about this awesome FHA 203K home loan program available here in Charlotte.  For lead paint, asbestos and mold inspections, please contact Pete Hubicki at Get The Lead Out® at 704-376-3594 or email peteh@gettheleadout.biz.  We can assist you with the inspections and removal portion of your FHA 203K loan!

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