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Perry Farella
Meet Your 203K Lender for
NEW MEXICO
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
This Loan Option allows you to buy your fixer upper "As Is" and Rehab it with a minimal down payment. Having this advantage can create a great opportunity for you.
203K Refinance
Improvements are Made After Closing
This refinancing loan option allows you the maximum home improvement funds you need to make your home the best it can be.
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.
What Properties are 203K Eligible in New Mexico?
203K Eligible properties include Single Family, 2 to 4 units, Condos, Townhomes, and even mixed use.
Types of FHA 203K Eligible Sales
Regular Standard Listing, Foreclosure, HUD Repos, REO, For sale by Owner, as well as other sales, plus it can be used to refinance.
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 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 New Mexico
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
Perry Farella is an FHA 203k Lender helping homebuyers, homeowners and real estate agents with their Renovation Loan financing throughout the New Mexico cities below:
Alamogordo
Albuquerque
Angel Fire
Anthony
Artesia
Aztec
Bayard
Belen
Bernalillo
Bloomfield
Bosque Farms
Capitan
Carlsbad
Carrizozo
Catron
Causey
Chama
Chaves
Cibola
Cimarron
Clayton
Cloudcroft
Clovis
Colfax
Columbus
Corona
Corrales
Cuba
Curry
De Baca
Deming
Des Moines
Dexter
Dora
Doña Ana
Eagle Nest
Eddy
Edgewood
Elephant Butte
Elida
Encino
Española
Estancia
Eunice
Farmington
Floyd
Folsom
Fort Sumner
Gallup
Grady
Grant
Grants
Grenville
Guadalupe
Hagerman
Harding
Hatch
Hidalgo
Hobbs
Hope
House
Hurley
Jal
Jemez Springs
Kirtland
Lake Arthur
Las Cruces
Las Vegas
Lea
Lincoln
Logan
Lordsburg
Los Alamos
Los Lunas
Los Ranchos de Albuquerque
Loving
Lovington
Luna
Magdalena
Maxwell
McKinley
Melrose
Mesilla
Milan
Mora
Moriarty
Mosquero
Mountainair
Otero
Pecos
Peralta
Portales
Quay
Questa
Raton
Red River
Reserve
Rio Arriba
Rio Communities
Rio Rancho
Roosevelt
Roswell
Roy
Ruidoso
Ruidoso Downs
San Jon
San Juan
San Miguel
San Ysidro
Sandoval
Santa Clara
Santa Fe
Santa Rosa
Sierra
Silver City
Socorro
Springer
Sunland Park
Taos
Taos Ski Valley
Tatum
Texico
Tijeras
Torrance
Truth or Consequences
Tucumcari
Tularosa
Union
Valencia
Vaughn
Virden
Wagon Mound
Willard
Williamsburg