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DUSTIN SWIGART
Your FHA 203K Lender for Kentucky
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FHA 203K Loan Lender for
KENTUCKY
Dustin Swigart
(888) 334-4493
Regional Renovation Sales Manager
203K Loan Specialist
NMLS # 681479
CrossCountry Mortgage
Branch NMLS1212907
Company NMLS3029
Approving Loans Since 2002!
Hi I’m Dustin, an FHA Loan & 203K Renovation Specialist! I Want to Hear From You! Let's Talk About Your Purchase or Refinance.
Let's talk about, How to Qualify, 203k Loan Requirements, & Other Questions you may have. Your Situation is Unique which is Why it’s Best for Me to give you the Answers you are looking for personally. Call or e-mail Me, whichever way works best for YOU.
Looking for an FHA Loan? Why not make it an FHA 203K?
FHA 203K Renovation & Home Improvement Financing for Purchasing or Refinancing Your Home
LET’S LOOK AT THE WHOLE PICTURE
You May Be Closer to Qualifying for an FHA 203K Loan in Kentucky Than You Think
You don't need perfect credit, a huge down payment, or an unusually low amount of debt. And if you're not sure whether you meet the FHA 203k qualifications, don't rule yourself out before speaking with someone who specializes in these loans.
FIVE THINGS THAT MAY BE WORTH REVIEWING TOGETHER
01
Your Credit Score May Not Automatically Rule You Out.
Credit matters, but it is only one part of the loan file. FHA guidelines can offer more flexibility than many borrowers expect, and having a credit score in the 500s does not always mean there is no possible path forward.
The down payment required, lender guidelines, and the rest of your financial picture can all make a difference.
The important thing is not to assume your credit automatically disqualifies you. Let's look at where you are now and help you understand what may apply.
02
You May Qualify With More Debt Than You Think
Already have car payments, credit cards, student loans, or other monthly obligations? That doesn't necessarily prevent you from qualifying.
While 43% is an important FHA debt-to-income benchmark, you may be approved with ratios approaching 50% or sometimes higher depending on the overall loan file and automated underwriting.
That's one reason it's worth having your numbers reviewed rather than trying to determine on your own whether you qualify.
03
You Don’t Need a Large Down Payment
ONE OF THE BIGGEST ADVANTAGES OF AN FHA 203K RENOVATION LOAN
For eligible borrowers, the minimum down payment can be just 3.5%, and the renovation costs can be included in the financing rather than requiring you to pay for all those improvements out of pocket after buying the home.
That can make buying a fixer-upper much more realistic than purchasing the property and then trying to find additional money for the renovations.
04
You May Not Have to Do It All With Your Own Money
Short on cash for the down payment or closing costs? There may be more flexibility than you realize.
Eligible gift funds may help with the required investment, and the seller may be able to contribute toward allowable closing costs.
For some buyers, understanding these options can make the difference between thinking, “I can’t afford to do this,” and discovering that an FHA 203K loan may actually be within reach.
05
You Have More Property Options Than You Might Expect
An FHA 203K loan isn’t limited to a traditional single-family fixer-upper.
Eligible properties can include single-family homes, qualifying 2- to 4-unit properties, condos, townhomes, and certain mixed-use properties.
That opens the door to considerably more possibilities—especially if you're looking for a property that needs repairs or improvements and isn't quite move-in ready.
ALREADY OWN YOUR HOME?
A 203K Refinance May Open Another Path
You don't have to be buying a home to benefit from the FHA 203k program.
An FHA 203k refinance may allow eligible homeowners to refinance their existing home and include qualified renovation costs in the new mortgage. So, if you already own your home but need money for repairs, remodeling, or improvements, it's worth exploring your options too.
THE NEXT STEP CAN BE A CONVERSATION
Don’t Disqualify Yourself Before You Know
Something that looks like questionable on paper may not automatically rule you out.
If you've been researching how to qualify for an FHA 203k loan, you've probably seen a long list of guidelines and requirements.
But guidelines on a website can't tell you whether you qualify.
Your income, credit, debts, down payment, property, renovation plans, and overall financial picture all work together. Something that looks like a problem on paper may not prevent you from getting approved.
That's why the next step isn't filling out more forms or spending another week researching FHA 203k requirements. It's simply finding out where you stand.
Contact me and let's take a look at your situation. I'll help you understand what you qualify for, what your options are, and what it would take to move forward with an FHA 203k loan.
Planning an FHA 203K Renovation?
Get the 203k Loan Info You Need!
Download Your Free FHA 203K GUIDE
Plus, access to Down Payment, Loan Limits & Renovation Breakdown Tools
FHA 203K Questions You May Have
Ready to unravel the FHA 203K loan? Let's start by covering the basics first. For more tailored, in-depth answers specific to your situation, feel free to reach out to me, Dustin Swigart, your dedicated 203K Lender, for all the detailed information you need
What is an FHA 203k Loan?
An FHA 203k loan is a Federally Insured Loan designed to help home buyers purchase a property that needs renovation or refinance an existing home with the goal of making repairs and improvements. It's the financing tool for your home transformation!
How to Qualify for an FHA 203k Loan in Kentucky?
Qualifying for an FHA 203K loan is similar to qualifying for other FHA financing, whether you’re buying or refinancing. The difference is that this FHA renovation loan also includes additional funds for approved repairs, renovations, or rehabilitation.
If you’re looking for an FHA home improvement loan or home renovation loan, the FHA 203K may be the right option for you.
Who is Eligible to Qualify for a 203k Loan?
One of the main FHA 203K loan requirements is that you plan to occupy the property as your primary residence. First-time homebuyers, previous homeowners, and current homeowners may qualify, whether you’re purchasing or refinancing, as long as other FHA guidelines are met.
Who is an FHA 203k Loan For?
An FHA 203K renovation loan may be a good option if you’re buying a home that needs repairs or refinancing your current home to make improvements. It allows you to combine your home financing with approved renovation costs instead of arranging separate financing for the project.
This FHA renovation financing can be helpful for a fixer-upper, an outdated home, or a property that needs repairs before it feels right for you.
Why Choose an FHA 203K Loan?
An FHA 203K loan gives you more flexibility when a home needs repairs or updates. If you’re considering a fixer-upper, an outdated property, or a home with condition issues, an FHA rehab loan can combine your purchase financing with approved renovation costs in one loan.
With other types of financing, property condition problems may need to be corrected before closing, which can slow down or even stop your transaction. The FHA 203K may allow eligible improvements to be included in the loan, helping you move forward with the home and the repairs it needs.
How Does an FHA 203K Work?
Unlike other loans, the 203K Loan approval is based on the FUTURE Value of the home (after improvements), rather than the current value. This unique feature allows home buyers to finance improvements with a minimal down payment and for current property owners, allows to refinance with minimum equity as well.
Once the loan closes the home improvements begin. Funds are disbursed as scheduled and the end results is a property that you envisioned and love!
How To Start Your 203K Loan?
To get started, you'll need to contact your 203K Specialist and provide them with preliminary info about yourself, your property, and the renovations you’d like to accomplish.
Get quick Answers to your FHA 203K Loan Questions!
"Contact me now, to accomplish your goals and plans. I look forward to hearing from you!"
Dustin Swigart
(888) 334-4493
Dustin Swigart is an FHA 203k Lender helping homebuyers, homeowners and real estate agents with their Renovation Loan financing throughout the Kentucky cities below:
Adair
Adairville
Albany
Alexandria
Allen
Anchorage
Anderson
Arlington
Ashland
Auburn
Audubon Park
Augusta
Ballard
Bancroft
Barbourmeade
Barbourville
Bards
Bardwell
Barlow
Barren
Bath
Beattyville
Beaver Dam
Bedford
Beechwood Village
Bell
Bellefonte
Bellemeade
Bellevue
Bellewood
Benham
Benton
Berea
Berry
Blaine
Blandville
Bloomfield
Blue Ridge Manor
Bonnieville
Boone
Booneville
Bourbon
Bowling Green
Boyd
Boyle
Bracken
Bradfordsville
Brandenburg
Breathitt
Breckinridge
Bremen
Briarwood
Brodhead
Broeck Pointe
Bromley
Brooksville
Brownsboro Farm
Brownsboro Village
Brownsville
Buckhorn
Bullitt
Burgin
Burkesville
Burnside
Butler
Cadiz
Caldwell
Calhoun
California
Calloway
Calvert City
Camargo
Cambridge
Campbell
Campbellsburg
Campbellsville
Campton
Caneyville
Carlisle
Carroll
Carrollton
Carrsville
Carter
Casey
Catlettsburg
Cave City
Center
Central City
Christian
Clark
Clarkson
Clay
Clay City
Clinton
Cloverport
Coal Run Village
Cold Spring
Coldstream
Columbia
Columbus
Concord
Corbin
Corinth
Corydon
Covington
Crab Orchard
Creekside
Crescent Springs
Crestview
Crestview Hills
Crestwood
Crittenden
Crofton
Crossgate
Cumberland
Cynthiana
Danville
Daviess
Dawson Springs
Dayton
Dixon
Douglass Hills
Dover
Drakesboro
Druid Hills
Dry Ridge
Earlington
Eddyville
Edgewood
Edmonson
Edmonton
Ekron
Elizabeth
Elkhorn City
Elkton
Elliott
Elsmere
Eminence
Erlanger
Estill
Eubank
Evarts
Ewing
Fairfield
Fairview
Falmouth
Fayette
Ferguson
Fincastle
Flatwoods
Fleming
Fleming-Neon
Flemingsburg
Florence
Floyd
Fordsville
Forest Hills
Fort Mitchell
Fort Thomas
Fort Wright
Fountain Run
Fox Chase
Frankfort
Franklin
Fredonia
Frenchburg
Fulton
Gallatin
Gamaliel
Garrard
George
German
Ghent
Glasgow
Glencoe
Glenview
Glenview Hills
Glenview Manor
Goose Creek
Goshen
Grand Rivers
Grant
Gratz
Graves
Graymoor-Devondale
Grayson
Green
Green Spring
Greensburg
Greenup
Greenville
Guthrie
Hancock
Hanson
Hardin
Hardinsburg
Harlan
Harrison
Harrodsburg
Hart
Hartford
Hawesville
Hazard
Hazel
Hebron Estates
Henderson
Henry
Heritage Creek
Hickman
Hickory Hill
Highland Heights
Hills and Dales
Hillview
Hindman
Hodgenville
Hollow Creek
Hollyvilla
Hopkins
Hopkinsville
Horse Cave
Houston Acres
Hunters Hollow
Hurstbourne
Hurstbourne Acres
Hustonville
Hyden
Independence
Indian Hills
Inez
Irvine
Irvington
Island
Jackson
James
Jefferson
Jeffersonville
Jenkins
Jessamine
Johnson
Junction City
Keene
Kenton
Kenton Vale
Kevil
Kingsley
Knott
Knox
Kuttawa
La Center
La Grange
LaFayette
Lakeside Park
Lakeview Heights
Lancaster
Langdon Place
Larue
Laurel
Lawrence
Lawrenceburg
Lebanon
Lebanon Junction
Lee
Leitchfield
Leslie
Letcher
Lewis
Lewisburg
Lewisport
Lexington-Fayette urban
Liberty
Lincoln
Lincolnshire
Livermore
Livingston
Logan
London
Loretto
Louisa
Loyall
Ludlow
Lynch
Lyndon
Lynnview
Lyon
Mackville
Madison
Madisonville
Magoffin
Manchester
Manor Creek
Marion
Marshall
Martin
Maryhill Estates
Mason
Mayfield
Maysville
McCracken
McCreary
McHenry
McKee
McLean
Meade
Meadow Vale
Meadowbrook Farm
Meadowview Estates
Melbourne
Menifee
Mentor
Mercer
Metcalfe
Middle
Middles
Midway
Millersburg
Milton
Mockingbird Valley
Monroe
Monterey
Montgomery
Monticello
Moorland
Morehead
Morgan
Morganfield
Mortons Gap
Mount Olivet
Mount Sterling
Mount Vernon
Mount Washington
Muhlenberg
Muldraugh
Munfordville
Murray
Murray Hill
Nebo
Nelson
New Castle
New Haven
Newport
Nicholas
Nicholasville
Norbourne Estates
North Middle
Northfield
Nortonville
Norwood
Oak Grove
Oakland
Ohio
Old Brownsboro Place
Oldham
Olive Hill
Orchard Grass Hills
Owen
Owensboro
Owenton
Owingsville
Owsley
Paducah
Paintsville
Paris
Park City
Park Hills
Parkway Village
Pembroke
Pendleton
Perry
Perryville
Pewee Valley
Pike
Pikeville
Pineville
Pioneer Village
Pippa Passes
Plantation
Pleasureville
Plum Springs
Poplar Hills
Powderly
Powell
Prestonsburg
Prestonville
Princeton
Prospect
Providence
Pulaski
Raceland
Radcliff
Ravenna
Raywick
Richlawn
Richmond
River Bluff
Riverwood
Robards
Robertson
Rochester
Rockcastle
Rockport
Rolling Fields
Rolling Hills
Rowan
Russell
Russell Springs
Russellville
Ryland Heights
Sacramento
Sadieville
Salem
Salt Lick
Salyersville
Sanders
Sandy Hook
Sardis
Science Hill
Scott
Scottsville
Sebree
Seneca Gardens
Sharpsburg
Shelby
Shelbyville
Shepherdsville
Shively
Silver Grove
Simpson
Simpsonville
Slaughters
Smithfield
Smithland
Smiths Grove
Somerset
Sonora
South Carrollton
South Park View
South Shore
Southgate
Sparta
Spencer
Spring Mill
Spring Valley
Springfield
St. Charles
St. Mary
St. Matthews
St. Regis Park
Stamping Ground
Stanford
Stanton
Strathmoor Manor
Strathmoor Village
Sturgis
Sycamore
Taylor
Taylor Mill
Taylorsville
Ten Broeck
Thornhill
Todd
Tompkinsville
Trenton
Trigg
Trimble
Union
Upton
Vanceburg
Versailles
Vicco
Villa Hills
Vine Grove
Walton
Warfield
Warren
Warsaw
Washington
Watterson Park
Waverly
Wayland
Wayne
Webster
Wellington
West Buechel
West Liberty
West Point
Westwood
Wheatcroft
Wheelwright
White Plains
Whitesburg
Whitesville
Whitley
Wickliffe
Wilder
Wildwood
Williams
Williamsburg
Willisburg
Wilmore
Winchester
Windy Hills
Wingo
Wolfe
Woodburn
Woodbury
Woodford
Woodland Hills
Woodlawn
Woodlawn Park
Worthington
Worthington Hills
Worthville
Wurtland
