me today for information about an FHA 203(k) loan!
Bank offers four loan programs designed specifically to meet your
FHA 203(k) Streamline & Full is HUD's "home improvement
loan." This product finances the purchase price and repair
costs into one loan. If you need a renovation loan or construction
loan in Maryland call or email us today.
The approval process for a 203(k) loan is complicated. So it
helps to have a lender partner who "knows the ropes."
Here are some reasons to call me when you are considering
applying for a 203K loan:
FHA-approved to offer 203(k) loans
Have closed over 1000 of them
Long-standing working relationship with
an approved HUD Consultant
Work closely with my borrowers during the
loan approval process and the repair process
Offer the refinancing when the repairs are
Offer a rapid response-time for closing the
- We offer Full & Streamline 203ks
The HUD Consultant must approve the repair work write-up and
oversee repairs on properties being renovated using full 203(k)
203(k) borrowers must be credit-worthy; the file is underwritten
using today's underwriting criteria. Some down payment assistance
programs may be combined with 203(k) loans.
Eligible property types include:
Single Family Homes
Mixed Use (storefront)
Here's a partial list of what you can do with a 203(k) loan:
Flooring: tile, carpeting, wood
Landscaping: removal or addition of trees, plants,
flowers, grading, repair of driveways and walkways, patios
Painting: interior and exterior house and other
structures on the property
Bathrooms: enlarge, replace flooring, appliances,
Basement: finish, add bedrooms, baths, family
room, wire for entertainment system
New Additions: bathrooms, bedrooms, family room,
Upgrades: thermal windows, insulation, solar
panels, new doors, energy efficient appliances
FANNIE MAE HOMESTYLE
- Repairs can be up to 50% of After Repaired Value
- Primary residences, second homes, or investment properties
- Can include structural improvements
- 95% financing available on Owner Occupied
- 85% financing on Investment Property
FHA 203(k) LIMITED
ESCROW FOR REPAIRS
CALL TODAY FOR MORE INFORMATION!
Also ask about our Conv Homestyles Renovation Loan!