FHA 203k Renovation Loans
Did you know that you can turn the ugliest house on the block into your dream home? For much less than the price of a turn-key, move-in-ready home, you can buy the worst house on the best block and turn it into the home of your dreams. And easily, if we might add! If you are looking to buy or refinance a home that needs a little work, consider the FHA 203k Renovation Loan; an easy way to make improvements!Start My Renovation
If you’re looking to do some work on your house of $5,000 or more, a 203k renovation loan is an easy way to get it done. Items that can be included in addition to the minimum $5,000 requirements are new cooking ranges, refrigerators, and other standalone appliances, painting and other cosmetic repairs, fencing, new walks and driveways, general landscape work, and much more. Other eligible repairs and improvements include roof replacement, aesthetic landscaping (when an appraiser verifies that the value increases the dollar-for-dollar cost), sidewalk/driveway repair necessary for home access, major repair of termite damage, drywall/insulation replacement, and finishing basements.
You don't have to worry about contractors abandoning the job. With an FHA 203k, we (as the lender) deal directly with paying your contractor and confirming that no payments are made until the work is actually done.
We’re in your local area, but if you can’t find a branch in your backyard, apply online and we’ll connect you with one of our Loan Officers near you.Find a Branch Location
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