What is the FHA 203(k) Loan?
The FHA 203(k) allows homeowners and homebuyers an opportunity to purchase or refinance existing homes and finance 110% of the costs needed to improve the home! The 203(k) is ideal for neighborhood revitalization! This program is one of the fastest growing mortgage programs in the country.
What you can do with the FHA 203(k):
☆ Include all repairs in the mortgage - with a minimum of $5000 in repairs
☆ Eliminate health hazards
☆ Put on an addition - add a second floor
☆ Remodel a kitchen, bathroom, etc.
☆ Replace Siding, roof, gutters, downspouts, etc.
☆ Update the plumbing, heating and electrical systems
☆ Install or repair the well and/or septic system
☆ Replace flooring, carpeting or tile
☆ Make energy conservation improvements: Double pane windows and doors, insulation and caulking
☆ Add a deck, patio or fencing
☆ Repair an existing swimming pool
☆ Replace free standing appliances
Get the answers to all of your questions!
Call Jeff Belonger to help you with your financing needs.
For more information on how you can obtain your dream home, please click here : Mortgage Financing Options
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