FHA 203(k) Renovation Mortgage Loan

FHA 203(k) Renovation Mortgage Loan

FHA 203(k) Renovation Mortgage Loan

With the FHA 203(k) Renovation Mortgage Loan, you can purchase or refinance your primary home and renovate it all with one loan. This specialized program allows you to borrow the purchase price of the home minus your down payment, plus money for renovations.

Here are a few of the key features of an FHA 203(k) Mortgage Loan:
• Purchasing a fixer-upper home in need of upgrades, repairs or larger renovation projects from a traditional home seller, even if the homes is being sold “as is.”
• Add room additions including a Second floor addition
• Allows Structural repairs
• Allows Foundation repairs
• Major landscaping
• Completion of unpermitted structures
• Repair health and safety issues
• Eliminate obsolescence of plumbing or septic
• Allows Repair to driveways or sidewalks
• Complete remodel for homes for disabilities

Streamline Refinance FHA 203(k) Mortgage Loan:
• Up to $35,000 in repairs or remodeling
• Finance 100% of EEM and weatherization improvements above cap of repairs
• Finance construction cost with single closing
• Finance Roof repairs
• Finance Kitchen remodels
• Finance New appliances
• Finance Mold or Termite abatement

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