The FHA 203K Renovation Home Improvement Loan
FHA Loans have helped home buyers and home owners for decades and best of all you don’t have to be a first time home buyer. The FHA 203K home renovation loan is for anyone who will be purchasing or refinancing a property as long as it will be owner occupied. Here is a quick breakdown of what the FHA 203k Loan is and what it can do for you whether you're in the market to purchase or refinance your home.
Make Your Home, Your Way!
Are you a homeowner looking for a rehab loan to improve your home? Are you thinking of adding an extra room, upgrading your kitchen or bathroom? Or maybe you just need to tend to a few upgrades or make some much needed repairs to your older home. Do you have little equity due to the market conditions or because you just recently purchased? If you answered YES to any of the above then you might want to consider financing your rehab project with the FHA 203k loan.
No Need for A Second Mortgage or Home Equity Loan!
This is an "All in One” FHA Insured loan that will allow you to “Combine” your home improvement funds with your purchase or refinance loan to Renovate, Repair, Rehab, or Remodel your property all at the same time. So You can upgrade that kitchen, bathroom, plumbing, electrical, roofing, flooring, windows, air & heat or just about anything else all in one swoop!
This is an "All in One” FHA Insured loan that will allow you to “Combine” your home improvement funds with your purchase or refinance loan to Renovate, Repair, Rehab, or Remodel your property all at the same time. So You can upgrade that kitchen, bathroom, plumbing, electrical, roofing, flooring, windows, air & heat or just about anything else all in one swoop!
What Kind of Improvements will the FHA 203K Cover?
Almost any kind of repair or improvement can be financed as part of a renovation loan. Some examples include major appliances, an HVAC, structural improvements, finishing a basement, remodeling kitchens and baths and more. In certain situations, an entire home may need to be fully renovated. There are renovation programs that can cover the entire process.
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