You're taking on a lot with this project. At least save yourself some headaches by getting one mortgage to finance the purchase and all that repair work. We'll lock you into a competitive interest rate over a 30-year term.

Key Features of FHA 203(k) Loans

  • Use one loan to finance the purchase and home renovation
  • You have six months to remodel/repair your house
  • Standard FHA guidelines are used to determine eligibility

Requirements

Down Payment 3.5% of the final loan amount
Terms 30 years, fixed
Credit Score 640 minimum
Mortgage Insurance Yes
Maximum Loan Limit Yes, varies by county

Questions? Get started now, and a licensed Loan Officer will reach out to you shortly.

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