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DUSTIN SWIGART
Your FHA 203K Lender for Mississippi
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FHA 203K Loan Lender for
MISSISSIPPI
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 Mississippi 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 Mississippi?
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 Mississippi cities below:
Abbeville
Aberdeen
Ackerman
Adams
Alcorn
Algoma
Alligator
Amite
Amory
Anguilla
Arcola
Artesia
Ashland
Attala
Baldwyn
Bassfield
Batesville
Bay Springs
Bay St. Louis
Beaumont
Beauregard
Belmont
Belzoni
Benoit
Benton
Bentonia
Beulah
Big Creek
Biloxi
Blue Mountain
Blue Springs
Bolivar
Bolton
Booneville
Boyle
Brandon
Braxton
Brookhaven
Brooksville
Bruce
Bude
Burnsville
Byhalia
Byram
Caledonia
Calhoun
Calhoun City
Canton
Carroll
Carrollton
Carthage
Cary
Centreville
Charleston
Chickasaw
Choctaw
Chunky
Claiborne
Clarke
Clarksdale
Clay
Cleveland
Clinton
Coahoma
Coffeeville
Coldwater
Collins
Columbia
Columbus
Como
Copiah
Corinth
Courtland
Covington
Crawford
Crenshaw
Crosby
Crowder
Cruger
Crystal Springs
D'Iberville
D'Lo
De Kalb
DeSoto
Decatur
Derma
Diamondhead
Doddsville
Drew
Duck Hill
Dumas
Duncan
Durant
Ecru
Eden
Edwards
Ellisville
Enterprise
Ethel
Eupora
Falcon
Falkner
Farmington
Fayette
Flora
Florence
Flowood
Forest
Forrest
Franklin
French Camp
Friars Point
Fulton
Gattman
Gautier
George
Glen
Glendora
Gloster
Gluckstadt
Golden
Goodman
Greene
Greenville
Greenwood
Grenada
Gulfport
Gun
Gunnison
Hancock
Harrison
Hatley
Hattiesburg
Hazlehurst
Heidelberg
Hernando
Hickory
Hickory Flat
Hinds
Hollandale
Holly Springs
Holmes
Horn Lake
Houston
Humphreys
Indianola
Inverness
Isola
Issaquena
Itawamba
Itta Bena
Iuka
Jackson
Jasper
Jefferson
Jefferson Davis
Jones
Jumper
Kemper
Kilmichael
Kosciusko
Kossuth
Lafayette
Lake
Lamar
Lambert
Lauderdale
Laurel
Lawrence
Leake
Leakesville
Learned
Lee
Leflore
Leland
Lena
Lexington
Liberty
Lincoln
Long Beach
Louin
Louise
Louisville
Lowndes
Lucedale
Lula
Lumberton
Lyon
Maben
Macon
Madison
Magee
Magnolia
Mantachie
Mantee
Marietta
Marion
Marks
Marshall
Mathiston
Mayersville
McComb
McCool
McLain
Meadville
Mendenhall
Meridian
Merigold
Metcalfe
Mize
Monroe
Montgomery
Monticello
Montrose
Moorhead
Morgan City
Morton
Moss Point
Mound Bayou
Mount Olive
Myrtle
Natchez
Neshoba
Nettleton
New Albany
New Augusta
New Hebron
New Houlka
Newton
North Carrollton
Noxapater
Noxubee
Oakland
Ocean Springs
Okolona
Oktibbeha
Olive Branch
Osyka
Oxford
Pace
Pachuta
Paden
Panola
Pascagoula
Pass Christian
Pearl
Pearl River
Pelahatchie
Perry
Petal
Philadelphia
Picayune
Pickens
Pike
Pittsboro
Plantersville
Polkville
Pontotoc
Pope
Poplarville
Port Gibson
Potts Camp
Prentiss
Puckett
Purvis
Quitman
Raleigh
Rankin
Raymond
Renova
Richland
Richton
Ridgeland
Rienzi
Ripley
Rolling Fork
Rosedale
Roxie
Ruleville
Sallis
Saltillo
Sandersville
Sardis
Satartia
Schlater
Scooba
Scott
Sebastopol
Seminary
Senatobia
Shannon
Sharkey
Shaw
Shelby
Sherman
Shubuta
Shuqualak
Sidon
Silver City
Silver Creek
Simpson
Slate Springs
Sledge
Smith
Smithville
Snow Lake Shores
Soso
Southaven
Starkville
State Line
Stone
Stonewall
Sturgis
Summit
Sumner
Sumrall
Sunflower
Sylvarena
Tallahatchie
Tate
Taylor
Taylorsville
Tchula
Terry
Thaxton
Tippah
Tishomingo
Toccopola
Tremont
Tunica
Tupelo
Tutwiler
Tyler
Union
Utica
Vaiden
Vardaman
Verona
Vicksburg
Walls
Walnut
Walnut Grove
Walthall
Warren
Washington
Water Valley
Waveland
Wayne
Waynesboro
Webb
Webster
Weir
Wesson
West
West Point
Wiggins
Wilkinson
Winona
Winston
Winstonville
Woodland
Woodville
Yalobusha
Yazoo
Yazoo City
