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DUSTIN SWIGART
Your FHA 203K Lender for North Carolina
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FHA 203K Loan Lender for
NORTH CAROLINA
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 North Carolina 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 North Carolina?
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 North Carolina cities below:
Aberdeen
Ahoskie
Alamance
Albemarle
Alexander
Alleghany
Alliance
Andrews
Angier
Anson
Ansonville
Apex
Arapahoe
Archdale
Archer Lodge
Ashe
Asheboro
Asheville
Askewville
Atkinson
Atlantic Beach
Aulander
Aurora
Autryville
Avery
Ayden
Badin
Bailey
Bakersville
Bald Head Island
Banner Elk
Bath
Bayboro
Bear Grass
Beaufort
Beech Mountain
Belhaven
Belmont
Belville
Belwood
Benson
Bermuda Run
Bertie
Bessemer City
Bethania
Bethel
Beulaville
Biltmore Forest
Biscoe
Black Creek
Black Mountain
Bladen
Bladenboro
Blowing Rock
Boardman
Bogue
Boiling Spring Lakes
Boiling Springs
Bolivia
Bolton
Boone
Boonville
Bostic
Brevard
Bridgeton
Broadway
Brookford
Brunswick
Bryson City
Buncombe
Bunn
Burgaw
Burke
Burlington
Burnsville
Butner
Cabarrus
Cajah's Mountain
Calabash
Caldwell
Calypso
Camden
Cameron
Candor
Canton
Cape Carteret
Carolina Beach
Carolina Shores
Carrboro
Carteret
Carthage
Cary
Casar
Castalia
Caswell
Caswell Beach
Catawba
Cedar Point
Cedar Rock
Cerro Gordo
Chadbourn
Chapel Hill
Charlotte
Chatham
Cherokee
Cherryville
Chimney Rock Village
China Grove
Chocowinity
Chowan
Claremont
Clarkton
Clay
Clayton
Clemmons
Cleveland
Clinton
Clyde
Coats
Cofield
Colerain
Columbia
Columbus
Como
Concord
Conetoe
Connelly Springs
Conover
Conway
Cooleemee
Cornelius
Cove City
Cramerton
Craven
Creedmoor
Creswell
Crossnore
Cumberland
Currituck
Dallas
Danbury
Dare
Davidson
Davie
Denton
Dillsboro
Dobbins Heights
Dobson
Dortches
Dover
Drexel
Dublin
Duck
Dunn
Duplin
Durham
Earl
East Arcadia
East Bend
East Laurinburg
East Spencer
Eastover
Eden
Edenton
Edgecombe
Elizabeth
Elizabeth City
Elk Park
Elkin
Ellenboro
Ellerbe
Elm City
Elon
Emerald Isle
Enfield
Erwin
Eureka
Everetts
Fair Bluff
Fairmont
Fairview
Faison
Faith
Falcon
Falkland
Fallston
Farmville
Fayetteville
Flat Rock
Fletcher
Fontana Dam
Forest City
Forest Hills
Forsyth
Fountain
Four Oaks
Foxfire
Franklin
Franklinton
Franklinville
Fremont
Fuquay-Varina
Gamewell
Garland
Garner
Garysburg
Gaston
Gastonia
Gates
Gatesville
Gibson
Gibsonville
Glen Alpine
Godwin
Goldsboro
Goldston
Graham
Grandfather Village
Granite Falls
Granite Quarry
Grantsboro
Granville
Green Level
Greene
Greenevers
Greensboro
Greenville
Grifton
Grimesland
Grover
Guilford
Halifax
Hamilton
Hamlet
Harmony
Harnett
Harrells
Harrellsville
Harrisburg
Hassell
Havelock
Haw River
Hayesville
Haywood
Hemby Bridge
Henderson
Hendersonville
Hertford
Hickory
High Point
High Shoals
Highlands
Hildebran
Hills
Hobgood
Hoffman
Hoke
Holden Beach
Holly Ridge
Holly Springs
Hookerton
Hope Mills
Hot Springs
Hudson
Huntersville
Hyde
Indian Beach
Indian Trail
Iredell
Jackson
Jacksonville
James
Jamesville
Jefferson
Johnston
Jones
Jonesville
Kannapolis
Kelford
Kenansville
Kenly
Kernersville
Kill Devil Hills
King
Kings
Kings Mountain
Kinston
Kittrell
Kitty Hawk
Knightdale
Kure Beach
La Grange
Lake Lure
Lake Park
Lake Santeetlah
Lake Waccamaw
Landis
Lansing
Lasker
Lattimore
Laurel Park
Laurinburg
Lawndale
Lee
Leggett
Leland
Lenoir
Lewiston Woodville
Lewisville
Lexington
Liberty
Lilesville
Lillington
Lincoln
Lincolnton
Linden
Littleton
Locust
Long View
Louisburg
Love Valley
Lowell
Lucama
Lumber Bridge
Lumberton
Macclesfield
Macon
Madison
Maggie Valley
Magnolia
Maiden
Manteo
Marietta
Marion
Mars Hill
Marshall
Marshville
Martin
Marvin
Matthews
Maxton
Mayodan
Maysville
McAdenville
McDonald
McDowell
McFarlan
Mebane
Mecklenburg
Mesic
Micro
Middleburg
Middlesex
Midland
Midway
Mills River
Milton
Mineral Springs
Minnesott Beach
Mint Hill
Misenheimer
Mitchell
Mocksville
Momeyer
Monroe
Montgomery
Montreat
Moore
Mooresboro
Mooresville
Morehead City
Morganton
Morrisville
Morven
Mount Airy
Mount Gilead
Mount Holly
Mount Olive
Mount Pleasant
Murfreesboro
Murphy
Nags Head
Nash
Nashville
Navassa
New Bern
New Hanover
New London
Newland
Newport
Newton
Newton Grove
Norlina
Norman
North Topsail Beach
North Wilkesboro
Northampton
Northwest
Norwood
Oak City
Oak Island
Oak Ridge
Oakboro
Ocean Isle Beach
Old Fort
Onslow
Orange
Oriental
Orrum
Ossipee
Oxford
Pamlico
Pantego
Parkton
Parmele
Pasquotank
Patterson Springs
Peachland
Peletier
Pembroke
Pender
Perquimans
Person
Pikeville
Pilot Mountain
Pine Knoll Shores
Pine Level
Pinebluff
Pinehurst
Pinetops
Pineville
Pink Hill
Pitt
Pittsboro
Pleasant Garden
Plymouth
Polk
Polkton
Polkville
Pollocksville
Powellsville
Princeton
Princeville
Proctorville
Raeford
Raleigh
Ramseur
Randleman
Randolph
Ranlo
Raynham
Red Cross
Red Oak
Red Springs
Reidsville
Rennert
Rhodhiss
Rich Square
Richfield
Richlands
Richmond
River Bend
Roanoke Rapids
Robbins
Robbinsville
Robersonville
Robeson
Rockingham
Rockwell
Rocky Mount
Rolesville
Ronda
Roper
Rose Hill
Roseboro
Rosman
Rowan
Rowland
Roxboro
Roxobel
Rural Hall
Ruth
Rutherford
Rutherford College
Rutherfordton
Salemburg
Salisbury
Saluda
Sampson
Sandy Creek
Sandyfield
Sanford
Saratoga
Sawmills
Scotland
Scotland Neck
Seaboard
Seagrove
Sedalia
Selma
Seven Devils
Seven Springs
Severn
Shallotte
Sharpsburg
Shelby
Siler City
Simpson
Sims
Smithfield
Snow Hill
Southern Pines
Southern Shores
Southport
Sparta
Speed
Spencer
Spindale
Spring Hope
Spring Lake
Spruce Pine
St. Helena
St. James
St. Pauls
Staley
Stallings
Stanfield
Stanley
Stanly
Stantonsburg
Star
Statesville
Stedman
Stem
Stokes
Stokesdale
Stoneville
Stonewall
Stovall
Sugar Mountain
Summerfield
Sunset Beach
Surf City
Surry
Swain
Swansboro
Swepsonville
Sylva
Tabor City
Tar Heel
Tarboro
Taylor
Taylorsville
Teachey
Thomasville
Tobaccoville
Topsail Beach
Transylvania
Trent Woods
Trenton
Trinity
Troutman
Troy
Tryon
Turkey
Tyrrell
Union
Unionville
Valdese
Vance
Vanceboro
Vandemere
Varnam
Vass
Waco
Wade
Wadesboro
Wagram
Wake
Wake Forest
Walker
Wallace
Wallburg
Walnut Cove
Walnut Creek
Walstonburg
Warren
Warrenton
Warsaw
Washington
Washington Park
Watauga
Watha
Waxhaw
Wayne
Waynesville
Weaverville
Webster
Weddington
Weldon
Wendell
Wentworth
Wesley Chapel
West Jefferson
Whispering Pines
Whitakers
White Lake
Whiteville
Whitsett
Wilkes
Wilkesboro
Williamston
Wilmington
Wilson
Wilson's Mills
Windsor
Winfall
Wingate
Winston-Salem
Winterville
Winton
Woodfin
Woodland
Wrightsville Beach
Yadkin
Yadkinville
Yancey
Yanceyville
Youngsville
Zebulon
