NAVA COMING SOON PROJECT
What is NAVAFUND DEVELOPER. Build and manage all housing facility
transitional housing service provider offers the supportive services
According to HUD,Section 8 Homeownership Voucher allow recipients to use their subsidy amount and apply it toward Homeownership. also FHA's Limited 203(k) program permits Homebuyers and homeowners to finance up to $35,000 into their mortgage to repair, improve, or upgrade their home. Homebuyers and homeowners can quickly and easily tap into cash to pay for property repairs or improvements, such as those identified by a home inspector or an FHA appraiser. Homeowners can make property repairs, improvements, or prepare their home for sale. Homebuyers can make their new home move-in ready by remodeling the kitchen, painting the interior or purchasing new carpet.
What is 203(K) Mortgage?
The Section 203(k) program is FHA's primary program for the rehabilitation and repair of single family properties. As such, it is an important tool for community and neighborhood revitalization, as well as to expand homeownership opportunities.
How can NAVA help the new homeowner?
Nava as a general contractor will help the future home owner acquire HUD’s 203(K) Rehab Mortgage Program. The new home owner will have a choice to either buy NAVA’s property as is and renovate it, or use NAVA as general contractor and get a ready to move in property.
Below is NAVA's first 203K Rehab Property: