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FHA203K & Home Renovation Loans

Simply put—buy a home and remodel it with the same loan. Purchase and renovation loans require three professionals to make sure you navigate this product and close properly: a solid HUD consultant, a great contractor, and a licensed Loan Officer with a company that knows how to close this product.

Purchase and Renovate Loan Features & Benefits

·        Maximum loan amount is subject to county loan limits

·        3.5% down payment

·        Lower credit scores accepted

·        Minimum reserves

·        Upfront and monthly Mortgage Insurance premiums

·        100% of the down payment can come from a gift

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