Inlanta Mortgage adds FHA 203(k) program

Inlanta Mortgage adds FHA 203(k) program

November 6, 2009

Inlanta Mortgage has announced that it is now offering 203(k) loans and that it has hired an expert to assist borrowers with this specialized program. Cassy Humberger has joined the company as branch manager and is working out of Inlanta Mortgage’s Carmel, Ind. office. “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.”
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.
Humberger has specialized in the FHA 203(k) program for more than nine years. Her experience has ranged from 203(k) sales manager, regional 203(k) manager, 203(k) trainer and national 203(k) trainer. Most recently, she served as regional 203(k) manager at PrimeLending. At Inlanta Mortgage, she will provide information on a variety of home financing options to contractors, real estate professionals, prospective home buyers and company staff.
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