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DUSITN SWIGART
Your FHA 203K Lender for West Virginia
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FHA 203K Loan Lender for
WEST VIRGINIA
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 West Virginia 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 West Virginia?
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 West Virginia cities below:
Addison (Webster Springs)
Albright
Alderson
Alderson
Anawalt
Anmoore
Ansted
Athens
Auburn
Bancroft
Barbour
Barboursville
Barrackville
Bath (Berkeley Springs)
Bayard
Beckley
Beech Bottom
Belington
Belle
Belmont
Benwood
Berkeley
Bethany
Bethlehem
Beverly
Blacksville
Bluefield
Bolivar
Boone
Bradshaw
Bramwell
Brandonville
Braxton
Bridgeport
Brooke
Bruceton Mills
Buckhannon
Buffalo
Burnsville
Cabell
Cairo
Calhoun
Camden-on-Gauley
Cameron
Capon Bridge
Carpendale
Cedar Grove
Ceredo
Chapmanville
Charles Town
Charleston
Chesapeake
Chester
Clarksburg
Clay
Clearview
Clendenin
Cowen
Danville
Davis
Davy
Delbarton
Doddridge
Dunbar
Durbin
East Bank
Eleanor
Elizabeth
Elk Garden
Elkins
Ellenboro
Fairmont
Fairview
Falling Spring
Farmington
Fayette
Fayetteville
Flatwoods
Flemington
Follansbee
Fort Gay
Franklin
Friendly
Gary
Gassaway
Gauley Bridge
Gilbert
Gilmer
Glasgow
Glen Dale
Glenville
Grafton
Grant
Grant Town
Grantsville
Granville
Greenbrier
Hambleton
Hamlin
Hampshire
Hancock
Handley
Hardy
Harman
Harpers Ferry
Harrison
Harrisville
Hartford City
Hedgesville
Henderson
Hendricks
Hillsboro
Hinton
Hundred
Huntington
Hurricane
Huttonsville
Iaeger
Jackson
Jane Lew
Jefferson
Junior
Kanawha
Kenova
Kermit
Keyser
Keystone
Kimball
Kingwood
Leon
Lester
Lewis
Lewisburg
Lincoln
Logan
Lost Creek
Lumberport
Mabscott
Madison
Man
Mannington
Marion
Marlinton
Marmet
Marshall
Martinsburg
Mason
Matewan
McDowell
McMechen
Meadow Bridge
Mercer
Middlebourne
Mill Creek
Milton
Mineral
Mingo
Mitchell Heights
Monongah
Monongalia
Monroe
Montgomery
Montrose
Moorefield
Morgan
Moundsville
Mount Hope
Mullens
New Cumberland
New Haven
New Martinsville
Newburg
Nicholas
Nitro
North Hills
Northfork
Nutter Fort
Oak Hill
Oakvale
Oceana
Ohio
Paden City
Parkersburg
Parsons
Paw Paw
Pax
Pendleton
Pennsboro
Peters
Petersburg
Philippi
Piedmont
Pine Grove
Pineville
Pleasant Valley
Pleasants
Poca
Pocahontas
Point Pleasant
Pratt
Preston
Princeton
Pullman
Putnam
Quinwood
Rainelle
Raleigh
Randolph
Ranson
Ravenswood
Reedsville
Reedy
Rhodell
Richwood
Ridgeley
Ripley
Ritchie
Rivesville
Roane
Romney
Ronceverte
Rowlesburg
Rupert
Salem
Sand Fork
Shepherds
Shinnston
Sistersville
Smithers
Smithfield
Sophia
South Charleston
Spencer
St. Albans
St. Marys
Star City
Stonewood
Summers
Summersville
Sutton
Sylvester
Taylor
Terra Alta
Thomas
Thurmond
Triadelphia
Tucker
Tunnelton
Tyler
Union
Upshur
Valley Grove
Vienna
War
Wardensville
Wayne
Webster
Weirton
Welch
Wellsburg
West Hamlin
West Liberty
West Logan
West Milford
West Union
Weston
Westover
Wetzel
Wheeling
White Hall
White Sulphur Springs
Whitesville
Williams
Williamson
Windsor Heights
Winfield
Wirt
Womelsdorf (Coalton)
Wood
Worthington
Wyoming
