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DUSTIN SWIGART
Your FHA 203K Lender for Tennessee
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FHA 203K Loan Lender for
TENNESSEE
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 for a Tennessee 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 Tennessee?
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 Tennessee cities below:
Adams
Adamsville
Alamo
Alcoa
Alexandria
Algood
Allardt
Altamont
Anderson
Ardmore
Arlington
Ashland City
Athens
Atoka
Atwood
Auburn
Baileyton
Baneberry
Bartlett
Baxter
Bean Station
Bedford
Beersheba Springs
Bell Buckle
Belle Meade
Bells
Benton
Berry Hill
Bethel Springs
Big Sandy
Blaine
Bledsoe
Blount
Bluff City
Bolivar
Braden
Bradford
Bradley
Brentwood
Brighton
Bristol
Brownsville
Bruceton
Bulls Gap
Burlison
Burns
Byrds
Calhoun
Camden
Campbell
Cannon
Carroll
Carter
Carthage
Caryville
Cedar Hill
Celina
Center
Centerville
Chapel Hill
Charleston
Charlotte
Chattanooga
Cheatham
Chester
Church Hill
Claiborne
Clarksburg
Clarksville
Clay
Cleveland
Clifton
Clinton
Coalmont
Cocke
Coffee
Collegedale
Collierville
Collinwood
Columbia
Cookeville
Cooper
Copperhill
Cornersville
Cottage Grove
Covington
Cowan
Crab Orchard
Crockett
Cross Plains
Crossville
Crump
Cumberland
Cumberland City
Cumberland Gap
Dandridge
Davidson
Dayton
DeKalb
Decatur
Decaturville
Decherd
Dickson
Dover
Dowell
Doyle
Dresden
Duck
Dunlap
Dyer
Dyersburg
Eagleville
East Ridge
Eastview
Elizabethton
Elkton
Englewood
Enville
Erin
Erwin
Estill Springs
Ethridge
Etowah
Fairview
Farragut
Fayette
Fayetteville
Fentress
Finger
Forest Hills
Franklin
Friend
Friendsville
Gadsden
Gainesboro
Gallatin
Gallaway
Garland
Gates
Gatlinburg
German
Gibson
Giles
Gilt Edge
Gleason
Goodlettsville
Gordonsville
Grainger
Grand Junction
Graysville
Greenback
Greenbrier
Greene
Greeneville
Greenfield
Gruetli-Laager
Grundy
Guys
Halls
Hamblen
Hamilton
Hancock
Hardeman
Hardin
Harriman
Harrogate
Hartsville/Trousdale
Hawkins
Haywood
Henderson
Hendersonville
Henning
Henry
Hickman
Hickory Valley
Hohenwald
Hollow Rock
Hornbeak
Hornsby
Houston
Humboldt
Humphreys
Huntingdon
Huntland
Huntsville
Jacksboro
Jackson
James
Jasper
Jefferson
Jefferson City
Jellico
Johnson
Johnson City
Jones
Kenton
Kimball
Kingsport
Kingston
Kingston Springs
Knox
Knoxville
La Follette
La Grange
La Vergne
Lafayette
Lake
Lakeland
Lakesite
Lauderdale
Lawrence
Lawrenceburg
Lebanon
Lenoir City
Lewis
Lewisburg
Lexington
Liberty
Lincoln
Linden
Livingston
Lobelville
Lookout Mountain
Loretto
Loudon
Louisville
Luttrell
Lynnville
Macon
Madison
Madisonville
Manchester
Marion
Marshall
Martin
Maryville
Mason
Maury
Maury City
Maynardville
McEwen
McKenzie
McLemoresville
McMinn
McMinnville
McNairy
Medina
Medon
Meigs
Memphis
Michie
Middleton
Milan
Milledgeville
Millersville
Millington
Minor Hill
Mitchellville
Monroe
Monteagle
Monterey
Montgomery
Moore
Morgan
Morris
Morrison
Moscow
Mosheim
Mount Carmel
Mount Juliet
Mount Pleasant
Mountain City
Munford
Murfreesboro
New Hope
New Johnsonville
New Market
New Tazewell
Newbern
Newport
Niota
Nolensville
Normandy
Norris
Oak Hill
Oak Ridge
Oakdale
Oakland
Obion
Oliver Springs
Oneida
Orlinda
Orme
Overton
Palmer
Paris
Parker's Crossroads
Parrottsville
Parsons
Pegram
Perry
Petersburg
Philadelphia
Pickett
Pigeon Forge
Pikeville
Piperton
Pittman Center
Plainview
Pleasant Hill
Pleasant View
Polk
Portland
Powells Crossroads
Pulaski
Puryear
Putnam
Ramer
Red Bank
Red Boiling Springs
Rhea
Ridgely
Ridgeside
Ridgetop
Ripley
Rives
Roane
Robertson
Rockford
Rockwood
Rocky Top
Rogersville
Rossville
Rutherford
Rutledge
Saltillo
Samburg
Sardis
Saulsbury
Savannah
Scott
Scotts Hill
Selmer
Sequatchie
Sevier
Sevierville
Sharon
Shelby
Shelbyville
Signal Mountain
Silerton
Slayden
Smith
Smithville
Smyrna
Sneedville
Soddy-Daisy
Somerville
South Carthage
South Fulton
South Pittsburg
Sparta
Spencer
Spring City
Spring Hill
Springfield
St. Joseph
Stanton
Stantonville
Stewart
Sullivan
Sumner
Sunbright
Surgoinsville
Sweetwater
Tazewell
Tellico Plains
Tennessee Ridge
Thompson's Station
Three Way
Tipton
Tiptonville
Toone
Townsend
Tracy City
Trenton
Trezevant
Trimble
Trousdale
Troy
Tullahoma
Tusculum
Unicoi
Union
Union City
Van Buren
Vanleer
Viola
Vonore
Walden
Warren
Wartburg
Wartrace
Washington
Watauga
Water
Waverly
Wayne
Waynesboro
Weakley
Westmoreland
White
White Bluff
White House
White Pine
Whiteville
Whitwell
Williamson
Williston
Wilson
Winchester
Winfield
Woodbury
Woodland Mills
Yorkville
