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Perry Farella
Meet Your 203K Lender for
MAINE
Perry Farella
(888) 280-5654
203K & Conventional Renovation Specialist
NMLS #755943
First Community Mortgage
Company NMLS #629700
Approving Loans Since 2002!
Hi I’m Perry, 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. Also Conventional HomeStyle, Choice and VA renovation loan options.
Looking for an FHA Loan? Why not make it an FHA 203K?
FHA 203K Renovation & Home Improvement Financing for Purchasing or Refinancing Your Home
Creating The Home You Love STARTS HERE!
203K Purchase
Avoid Common Financing Roadblocks
Avoid getting your financing denied due to property conditions. Avoid any upfront property repair requirements
203K Refinance
Improvements are Made After Closing
Improve your home Size
Improve your home Comfort
Improve your home Value
203K All In One Loan!
Finance Plus Improvements!
Combine your home improvement funds with your purchase or refinance loan to Renovate, Repair, Rehab, or Remodel your property all at the same time.
Types of Sales & 203K Eligible Properties:
Regular Standard Listing, Foreclosure, HUD Repos, REO, For sale by Owner, as well as other sales, plus it can be used to refinance. 203K Eligible properties include Single Family, 2 to 4 units, Condos, Townhomes, and even mixed use.
A Home Owners Guide to the FHA 203K Loan
Get The 203k Loan Info You Need!
FREE DOWNLOAD!
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, Perry Farella, 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 Maine?
Qualifying for a 203k loan is easy, whether you’re Buying or Refinancing. This type of home improvement loan is just like any other type of home loan except you’ll also get the additional funds needed for all your Repairs, Renovations or Rehab.
Who is Eligible to Qualify for a 203k Loan?
Whether you’re a First-Time Homebuyer, previously Owned a home or currently a Homeowner, you are eligible to qualify for a 203k Loan as long as you plan to occupy the property.
Who is a 203k Loan For?
The FHA 203K Loan is a great option for those looking to add home improvement funds to their purchase or refinance loan, with the advantage of a minimal down payment or equity.
Why a 203k Loan?
This All-in-One Loan allows a broader scope of properties for you to choose from. You can pick up a fixer upper or an outdated property and fix it up the way you want. With other types of financing, property conditions could cause a dilemma requiring these issues to be resolved before closing your loan. That can slow down or stop your transaction from closing. With the 203k you will avoid those property condition hurdles
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!"
Perry Farella
(888) 280-5654
Helping homebuyers, homeowners and real estate agents with their Renovation Loan financing throughout the Maine cities below:
Abbot
Acton
Addison
Albion
Alexander
Alfred
Allagash
Alna
Alton
Amherst
Amity
Andover
Androscoggin
Anson
Appleton
Argyle
Aroostook
Arrowsic
Arundel
Ashland
Athens
Auburn
Augusta
Aurora
Avon
Baileyville
Baldwin
Bancroft
Bangor
Bar Harbor
Baring
Bath
Beals
Beaver Cove
Beddington
Belfast
Belgrade
Belmont
Benton
Berwick
Bethel
Biddeford
Bingham
Blaine
Blanchard
Blue Hill
Boothbay
Boothbay Harbor
Bowdoin
Bowdoinham
Bowerbank
Bradford
Bradley
Bremen
Brewer
Bridgewater
Bridgton
Brighton
Bristol
Brooklin
Brooks
Brooksville
Brownfield
Brownville
Brunswick
Buckfield
Bucksport
Burlington
Burnham
Buxton
Byron
Calais
Cambridge
Camden
Canaan
Canton
Cape Elizabeth
Caratunk
Caribou
Carmel
Carrabassett Valley
Carroll
Carthage
Casco
Castine
Castle Hill
Caswell
Central Aroostook
Central Hancock
Central Somerset
Chapman
Charleston
Charlotte
Chebeague Island
Chelsea
Cherryfield
Chester
Chesterville
China
Clifton
Clinton
Codyville
Columbia
Columbia Falls
Connor
Cooper
Coplin
Corinna
Corinth
Cornish
Cornville
Cranberry Isles
Crawford
Criehaven
Crystal
Cumberland
Cushing
Cler
Cyr
Dallas
Damariscotta
Danforth
Dayton
Deblois
Dedham
Deer Isle
Denmark
Dennis
Dennysville
Detroit
Dexter
Dixfield
Dixmont
Dover-Foxcroft
Dresden
Drew
Durham
Dyer Brook
Eagle Lake
East Central Franklin
East Central Penobscot
East Central Washington
East Hancock
East Machias
East Millinocket
Eastbrook
Easton
Eastport
Eddington
Edgecomb
Edinburg
Eliot
Ellsworth
Embden
Enfield
Etna
Eustis
Exeter
Fairfield
Falmoh
Farmingdale
Farmington
Fayette
Fort Fairfield
Fort Kent
Frankfort
Franklin
Freedom
Freeport
Frenchboro
Frenchville
Friend
Frye Island
Fryeburg
Gardiner
Garfield
Garland
George
Gilead
Glenburn
Glenwood
Gorham
Gouldsboro
Grand Isle
Grand Lake Stream
Gray
Great Pond
Greenbush
Greene
Greenville
Greenwood
Guilford
Hallowell
Hamlin
Hammond
Hampden
Hancock
Hanover
Harmony
Harpswell
Harrington
Harrison
Hartford
Hartland
Haynesville
Hebron
Hermon
Hersey
Hibberts gore
Highland
Hiram
Hodgdon
Holden
Hollis
Hope
Houlton
Howland
Hudson
Industry
Island Falls
Isle au Ha
Islesboro
Jackman
Jackson
Jay
Jefferson
Jonesboro
Jonesport
Kenduskeag
Kennebec
Kennebunk
Kennebunkport
Kingfield
Kingman
Kingsbury
Kittery
Knox
Lagrange
Lake View
Lakeville
Lamoine
Lebanon
Lee
Leeds
Levant
Lewiston
Liberty
Limerick
Limestone
Limington
Lincoln
Lincoln
Lincolnville
Linneus
Lisbon
Litchfield
Littleton
Livermore
Livermore Falls
Long Island
Louds Island
Lovell
Lowell
Lubec
Ludlow
Lyman
Machias
Machiasport
Macwahoc
Madawaska
Madison
Magalloway
Manchester
Mapleton
Mariaville
Mars Hill
Marshall Island
Marshfield
Masardis
Matinicus Isle
Mattawamkeag
Maxfield
Mechanic Falls
Meddybemps
Medford
Medway
Mercer
Merrill
Mexico
Milbridge
Milford
Millinocket
Milo
Milton
Minot
Monhegan
Monmoh
Monroe
Monson
Monticello
Montville
Moose River
Moro
Morrill
Moscow
Mount Chase
Mount Desert
Mount Vernon
Muscle Ridge Islands
Naples
Nashville
New Canada
New Gloucester
New Limerick
New Portland
New Sharon
New Sweden
New Vineyard
Newburgh
Newcastle
Newfield
Newport
Newry
Nobleboro
Norridgewock
North Berwick
North Franklin
North Haven
North Oxford
North Penobscot
North Washington
North Yarmoh
Northeast Piscataquis
Northeast Somerset
Northfield
Northport
Northwest Aroostook
Northwest Hancock
Northwest Piscataquis
Northwest Somerset
Norway
Oakfield
Oakland
Ogunquit
Old Orchard Beach
Old Town
Orient
Orland
Orono
Orrington
Osborn
Otis
Otisfield
Owls Head
Oxford
Palermo
Palmyra
Paris
Parkman
Parsonsfield
Passadumkeag
Passamaquoddy Indian Town Reservation
Passamaquoddy Pleasant Point Reservation
Patten
Pembroke
Penobscot
Penobscot Indian Island Reservation
Perham
Perkins
Perry
Peru
Phillips
Phippsburg
Piscataquis
Pittsfield
Pittston
Pleasant Ridge
Plymoh
Poland
Portage Lake
Porter
Portland
Pownal
Prentiss
Presque Isle
Princeton
Prospect
Randolph
Rangeley
Rangeley
Raymond
Readfield
Reed
Richmond
Ripley
Robbinston
Rockland
Rockport
Rome
Roque Bluffs
Roxbury
Rumford
Sabattus
Saco
Sagadahoc
Sandy River
Sanford
Sangerville
Scar
Searsmont
Searsport
Sebago
Sebec
Seboeis
Seboomook Lake
Sedgwick
Shapleigh
Sherman
Shirley
Sidney
Skowhegan
Smithfield
Smyrna
Solon
Somerset
Somerville
Sorrento
Soh Aroostook
Soh Berwick
Soh Bristol
Soh Franklin
Soh Oxford
Soh Portland
Soh Thomaston
Soheast Piscataquis
Sohport
Sohwest Harbor
Springfield
Square Lake
St. Agatha
St. Albans
St. Francis
St. George
St. John
Stacyville
Standish
Starks
Stetson
Steuben
Stockholm
Stockton Springs
Stoneham
Stonington
Stow
Strong
Sullivan
Sumner
Surry
Swans Island
Swanville
Sweden
Talmadge
Temple
The Forks
Thomaston
Thorndike
Topsfield
Topsham
Tremont
Trenton
Troy
Turner
Twombly Ridge
Union
Unity
Unity
Upton
Van Buren
Vanceboro
Vassalboro
Veazie
Verona Island
Vienna
Vinalhaven
Wade
Waite
Waldo
Waldoboro
Wales
Wallagrass
Waltham
Warren
Washburn
Washington
Waterboro
Waterford
Waterville
Wayne
Webster
Weld
Wellington
Wells
Wesley
West Bath
West Central Franklin
West Forks
West Gardiner
West Paris
Westbrook
Westfield
Westmanland
Weston
Westport Island
Whitefield
Whiting
Whitney
Whitneyville
Willimantic
Wilton
Windham
Windsor
Winn
Winslow
Winter Harbor
Winterport
Winterville
Winthrop
Wiscasset
Woodland
Woodstock
Woodville
Woolwich
Wyman
Yarmoh