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DUSTIN SWIGART
Your FHA 203K Lender for Louisiana
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FHA 203K Loan Lender for
LOUISIANA
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 Louisiana 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 Louisiana?
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 Louisiana cities below:
Abbeville
Abita Springs
Acadia Parish
Addis
Albany
Alexandria
Allen Parish
Amite City
Anacoco
Angie
Arcadia
Arnaudville
Ascension Parish
Ashland
Assumption Parish
Athens
Atlanta
Avoyelles Parish
Baker
Baldwin
Ball
Basile
Baskin
Bastrop
Baton Rouge
Beauregard Parish
Belcher
Benton
Bernice
Berwick
Bienville
Bienville Parish
Blanchard
Bogalusa
Bonita
Bossier City
Bossier Parish
Boyce
Breaux Bridge
Broussard
Brusly
Bryceland
Bunkie
Caddo Parish
Calcasieu Parish
Caldwell Parish
Calvin
Cameron Parish
Campti
Cankton
Carencro
Castor
Catahoula Parish
Central
Chataignier
Chatham
Cheneyville
Choudrant
Church Point
Claiborne Parish
Clarence
Clarks
Clayton
Clinton
Colfax
Collinston
Columbia
Concordia Parish
Converse
Cotton Valley
Cottonport
Coushatta
Covington
Creola
Crowley
Cullen
De Soto Parish
DeQuincy
DeRidder
Delcambre
Delhi
Delta
Denham Springs
Dixie Inn
Dodson
Donaldsonville
Downsville
Doyline
Dry Prong
Dubach
Dubberly
Duson
East Baton Rouge Parish
East Carroll Parish
East Feliciana Parish
East Hodge
Edgefield
Elizabeth
Elton
Epps
Erath
Eros
Estherwood
Eunice
Evangeline Parish
Evergreen
Farmerville
Fenton
Ferriday
Fisher
Florien
Folsom
Fordoche
Forest
Forest Hill
Franklin
Franklin Parish
Franklinton
French Settlement
George
Gibsland
Gilbert
Gilliam
Glenmora
Golden Meadow
Goldonna
Gonzales
Grambling
Gramercy
Grand Cane
Grand Coteau
Grand Isle
Grant Parish
Grayson
Greensburg
Greenwood
Gretna
Grosse Tete
Gueydan
Hall Summit
Hammond
Harahan
Harrisonburg
Haughton
Haynesville
Heflin
Henderson
Hessmer
Hodge
Homer
Hornbeck
Hosston
Houma
Iberia Parish
Iberville Parish
Ida
Independence
Iota
Iowa
Jackson
Jackson Parish
James
Jean Lafitte
Jeanerette
Jefferson Davis Parish
Jefferson Parish
Jena
Jennings
Jonesboro
Jonesville
Junction City
Kaplan
Keachi
Kenner
Kentwood
Kilbourne
Killian
Kinder
Krotz Springs
LaSalle Parish
Lafayette
Lafayette Parish
Lafourche Parish
Lake Arthur
Lake Charles
Lake Providence
Lecompte
Leesville
Leonville
Lillie
Lincoln Parish
Lisbon
Livingston
Livingston Parish
Livonia
Lockport
Logansport
Longstreet
Loreauville
Lucky
Lutcher
Madison Parish
Madisonville
Mamou
Mandeville
Mangham
Mansfield
Mansura
Many
Maringouin
Marion
Marksville
Martin
Maurice
McNary
Melville
Mer Rouge
Mermentau
Merryville
Minden
Monroe
Montgomery
Montpelier
Mooringsport
Moreauville
Morehouse Parish
Morgan City
Morganza
Morse
Mound
Mount Lebanon
Napoleonville
Natchez
Natchitoches
Natchitoches Parish
New Iberia
New Llano
New Orleans
New Roads
Newellton
Noble
North Hodge
Norwood
Oak Grove
Oak Ridge
Oakdale
Oberlin
Oil City
Olla
Opelousas
Orleans Parish
Ouachita Parish
Palmetto
Parks
Patterson
Pearl River
Pine Prairie
Pineville
Pioneer
Plain Dealing
Plaquemine
Plaquemines Parish
Plaucheville
Pleasant Hill
Pointe Coupee Parish
Pollock
Ponchatoula
Port Allen
Port Barre
Port Vincent
Powhatan
Provencal
Quitman
Rapides Parish
Rayne
Rayville
Red River Parish
Reeves
Richland Parish
Richmond
Richwood
Ridgecrest
Ringgold
Robeline
Rodessa
Rosedale
Roseland
Rosepine
Ruston
Sabine Parish
Saline
Sarepta
Scott
Shongaloo
Shreveport
Sibley
Sicily Island
Sikes
Simmesport
Simpson
Simsboro
Slaughter
Slidell
Sorrento
South Mansfield
Spearsville
Springfield
Springhill
St. Bernard Parish
St. Charles Parish
St. Francisville
St. Gabriel
St. Helena Parish
St. James Parish
St. John the Baptist Parish
St. Joseph
St. Landry Parish
St. Martin Parish
St. Martinville
St. Mary Parish
St. Tammany Parish
Stanley
Sterlington
Stonewall
Sulphur
Sun
Sunset
Tallulah
Tangipahoa
Tangipahoa Parish
Tensas Parish
Terrebonne Parish
Thibodaux
Tickfaw
Tullos
Turkey Creek
Union Parish
Urania
Varnado
Vermilion Parish
Vernon Parish
Vidalia
Vienna
Ville Platte
Vinton
Vivian
Walker
Washington
Washington Parish
Waterproof
Webster Parish
Welsh
West Baton Rouge Parish
West Carroll Parish
West Feliciana Parish
West Monroe
Westlake
Westwego
White Castle
Wilson
Winn Parish
Winnfield
Winnsboro
Wisner
Woodworth
Youngsville
Zachary
Zwolle
