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
|Down Payment||3.5% of the final loan amount|
|Terms||30 years, fixed|
|Credit Score||640 minimum|
|Maximum Loan Limit||Yes, varies by county|
Questions? Get started now, and a licensed Loan Officer will reach out to you shortly.