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DUSTIN SWIGART
Your FHA 203K Lender for Oklahoma
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FHA 203K Loan Lender for
OKLAHOMA
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 Oklahoma 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 Oklahoma?
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 Oklahoma cities below:
Achille
Ada
Adair
Addington
Afton
Agra
Albion
Alderson
Alex
Alfalfa
Aline
Allen
Altus
Alva
Amber
Ames
Amorita
Anadarko
Antlers
Apache
Arapaho
Arcadia
Ardmore
Arkoma
Armstrong
Arnett
Asher
Ashland
Atoka
Atwood
Avant
Barnsdall
Bartlesville
Bearden
Beaver
Beckham
Beggs
Bennington
Bernice
Bessie
Bethany
Bethel Acres
Big Cabin
Billings
Binger
Bixby
Blackburn
Blackwell
Blaine
Blair
Blanchard
Bluejacket
Boise City
Bokchito
Bokoshe
Boley
Boswell
Bowlegs
Boynton
Bradley
Braggs
Braman
Bray
Breckenridge
Bridge Creek
Bridgeport
Bristow
Broken Arrow
Broken Bow
Bromide
Brooksville
Bryan
Buffalo
Burbank
Burlington
Burns Flat
Butler
Byars
Byng
Byron
Cache
Caddo
Calera
Calumet
Calvin
Camargo
Cameron
Canadian
Caney
Canton
Canute
Carlton Landing
Carmen
Carnegie
Carney
Carrier
Carter
Cashion
Castle
Catoosa
Cedar Valley
Cement
Centrahoma
Central High
Chandler
Chattanooga
Checotah
Chelsea
Cherokee
Cheyenne
Chickasha
Choctaw
Chouteau
Cimarron
Cimarron City
Claremore
Clayton
Clearview
Cleo Springs
Cleveland
Clinton
Coal
Coalgate
Colbert
Colcord
Cole
Collinsville
Colony
Comanche
Commerce
Cooperton
Copan
Corn
Cornish
Cotton
Council Hill
Covington
Coweta
Coyle
Craig
Creek
Crescent
Cromwell
Crowder
Cushing
Custer
Custer City
Cyril
Dacoma
Davenport
Davidson
Davis
Deer Creek
Del City
Delaware
Depew
Devol
Dewar
Dewey
Dibble
Dickson
Dill City
Disney
Dougherty
Douglas
Dover
Drummond
Drumright
Duncan
Durant
Dustin
Eakly
Earlsboro
East Duke
Edmond
El Reno
Eldorado
Elgin
Elk City
Ellis
Elmer
Elmore City
Empire City
Enid
Erick
Etowah
Eufaula
Fair Oaks
Fairfax
Fairland
Fairmont
Fairview
Fallis
Fanshawe
Fargo
Faxon
Fitzhugh
Fletcher
Foraker
Forest Park
Forgan
Fort Cobb
Fort Coffee
Fort Gibson
Fort Supply
Fort Towson
Foss
Foster
Foyil
Francis
Frederick
Freedom
Friend
Gage
Gans
Garber
Garfield
Garvin
Gate
Geary
Gene Autry
Geronimo
Gerty
Glencoe
Glenpool
Goldsby
Goltry
Goodwell
Gore
Gotebo
Gould
Gracemont
Grady
Grainola
Grand Lake Towne
Grandfield
Granite
Grant
Grayson
Greenfield
Greer
Grove
Guthrie
Guymon
Haileyville
Hallett
Hammon
Hanna
Hardesty
Harmon
Harper
Harrah
Hartshorne
Haskell
Hastings
Haworth
Headrick
Healdton
Heavener
Helena
Hendrix
Hennessey
Henryetta
Hickory
Hillsdale
Hinton
Hitchcock
Hitchita
Hobart
Hocha
Hoffman
Holdenville
Hollis
Hollister
Hominy
Hooker
Hoot Owl
Horn
Howe
Hughes
Hugo
Hulbert
Hunter
Hydro
IXL
Idabel
Indiahoma
Indianola
Inola
Jackson
Jay
Jefferson
Jenks
Jennings
Jet
Johnson
Johnston
Jones
Kansas
Katie
Kaw City
Kay
Kellyville
Kemp
Kendrick
Kenefic
Keota
Ketchum
Keyes
Kiefer
Kildare
Kingfisher
Kingston
Kinta
Kiowa
Knowles
Konawa
Krebs
Kremlin
Lahoma
Lake Aluma
Lamar
Lambert
Lamont
Langley
Langston
Latimer
Laverne
Lawrence Creek
Lawton
Le Flore
Leedey
Lehigh
Lenapah
Leon
Lexington
Liberty
Lima
Lincoln
Lindsay
Loco
Locust Grove
Logan
Lone Chimney
Lone Grove
Lone Wolf
Longdale
Lookeba
Lotsee
Love
Loveland
Loyal
Luther
Macomb
Madill
Major
Manchester
Mangum
Manitou
Mannford
Mannsville
Maramec
Marble City
Marietta
Marland
Marlow
Marshall
Martha
Maud
May
Mayes
Maysville
McAlester
McClain
McCurtain
McIntosh
McLoud
Mead
Medford
Medicine Park
Meeker
Meno
Meridian
Miami
Midwest City
Milburn
Mill Creek
Millerton
Minco
Moffett
Moore
Mooreland
Morris
Morrison
Mounds
Mountain Park
Mountain View
Muldrow
Mule Barn
Mulhall
Murray
Muskogee
Mustang
Mutual
Nash
New Alluwe
New Cordell
Newcastle
Newkirk
Nichols Hills
Nicoma Park
Ninnekah
Noble
Norge
Norman
North Enid
North Miami
Nowata
Oakland
Oaks
Oakwood
Ochelata
Oilton
Okarche
Okay
Okeene
Okemah
Okfuskee
Oklahoma
Oklahoma City
Okmulgee
Oktaha
Olustee
Oologah
Optima
Orlando
Osage
Ottawa
Owasso
Paden
Panama
Paoli
Paradise Hill
Pauls Valley
Pawhuska
Pawnee
Payne
Pensacola
Peoria
Perkins
Perry
Phillips
Piedmont
Pink
Pittsburg
Pocasset
Pocola
Ponca City
Pond Creek
Pontotoc
Porter
Porum
Poteau
Pottawatomie
Prague
Prue
Pryor Creek
Purcell
Pushmataha
Putnam
Quapaw
Quinton
Ralston
Ramona
Randlett
Ratliff City
Rattan
Ravia
Red Oak
Red Rock
Redbird
Renfrow
Rentiesville
Reydon
Ringling
Ringwood
Ripley
Rock Island
Rocky
Roff
Roger Mills
Rogers
Roland
Roosevelt
Rosedale
Rosston
Rush Springs
Ryan
Salina
Sallisaw
Sand Springs
Sapulpa
Sasakwa
Savanna
Sawyer
Sayre
Schulter
Seiling
Seminole
Sentinel
Sequoyah
Shady Point
Sharon
Shattuck
Shawnee
Shidler
Silo
Skedee
Skiatook
Slaughterville
Slick
Smith Village
Snyder
Soper
South Coffeyville
Sparks
Spaulding
Spavinaw
Spencer
Sperry
Spiro
Sportsmen Acres
Springer
St. Louis
Stephens
Sterling
Stidham
Stigler
Stillwater
Stilwell
Stonewall
Strang
Stratford
String
Strong City
Stroud
Stuart
Sugden
Sulphur
Summit
Sweetwater
Taft
Tahlequah
Talala
Talihina
Taloga
Tamaha
Tatums
Tecumseh
Temple
Terlton
Terral
Texas
Texhoma
Texola
Thackerville
The Village
Thomas
Tillman
Tipton
Tishomingo
Tonkawa
Tribbey
Tryon
Tullahassee
Tulsa
Tupelo
Tushka
Tuttle
Tyrone
Union City
Valley Brook
Valley Park
Valliant
Velma
Vera
Verden
Verdigris
Vernon
Vian
Vici
Vinita
Wagoner
Wainwright
Wakita
Walters
Wanette
Wann
Wapanucka
Warner
Warr Acres
Warwick
Washington
Washita
Watonga
Watts
Waukomis
Waurika
Wayne
Waynoka
Weatherford
Webb City
Webbers Falls
Welch
Weleetka
Wellston
West Siloam Springs
Westport
Westville
Wetumka
Wewoka
Whitefield
Wilburton
Willow
Wilson
Winchester
Wister
Woodlawn Park
Woods
Woodward
Wright City
Wyandotte
Wynnewood
Wynona
Yale
Yeager
Yukon
