203k loan for home rehabilitation offered by Seattle Mortgage.SEATTLE--(BUSINESS WIRE)--Oct. 10, 1995--Seattle Mortgage Co. now offers a 203(k) rehabilitation rehabilitation: see physical therapy. loan program for newly purchased homes and refinances. This program is offered through the Seattle office of The U.S. Department of Housing and Urban Development (HUD Hud (h  d), a pre-Qur'anic prophet of Islam. Hud unsuccessfully exhorted his South Arabian people, the Ad, to worship the One God. ) and is used to make
home repairs and improvements.
203(k) loans can be used for rehabilitation on residential and some mixed-use residential/commercial properties. Both private property owners and investors are eligible for 203(k) loans. Borrowers can use the money for a number of projects including major remodels, additions to homes, refinancing a home and repairing fire- damaged homes. "This is an exciting program to offer, not only because of the wide scope of the program, but also because the financing is such a simple process," said Randy Weber, executive vice president of SMC SMC Saint Mary's College SMC Santa Monica College SMC Solaris Management Console SMC Smooth Muscle Cell SMC Small Magellanic Cloud (also see LMC) SMC Safety Management Certificate (maritime shipping) . "Besides the simplicity of the financing process, the entire loan is normally closed In electronics, a normally closed switch is one that normally allows current to flow and which prevents current flow when it is perturbed.
Industry specialist Dave Yendrall heads up the 203(k) division at SMC. Yendrall was one of the early pioneers of the rehabilitation loan concept and has nearly 10 years of experience solely in rehab loans. He is also qualified to carry out inspections to HUD specifications and to approve contractors' bids. "With Dave's background in rehabilitation loans, SMC offers an exceptional loan program that helps control the borrower's costs and accelerates the entire closing process," said Weber. Seattle Mortgage Co. is the largest, independent mortgage banking company in Washington state and one of less than 50 independent mortgage bankers in the country. SMC has been providing commercial, new construction and residential loans since 1944 to the Puget Sound Puget Sound (py `jĕt), arm of the Pacific Ocean, NW Wash., connected with the Pacific by Juan de Fuca Strait, entered through the Admiralty Inlet and extending in two arms c. area. SMC has seven branch offices
throughout western Washington
Western Washington is a region of the United States defined as that part of Washington west of the Cascade Mountains. and one in Anchorage, Alaska. For more information on 203(k) loans, contact Dave Yendrall at 206/838-2033 or toll free at 800/643-6610. CONTACT: Seattle Mortgage Co. Randy Weber, 206/281-1500 or Stevenson Slavin Advertising and Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most Jennifer Michael, 206/382-0646 |
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