Special offer

Wichita Falls TX FHA 203k

Mortgage and Lending with CrossCountry Mortgage NMLS # 243437

We offer a special GOVERNMENT LOAN PROGRAM that can be used with your Wichita Falls TX FHA 203k LOANS


 Many people are not aware of a special government LOAN PROGRAM that is part of the Federal Housing Administration or FHA (a department within HUD). Existing HOME OWNERS or potential home buyers can remodel and UPDATE their homes without having a higher cost second lien because of this FHA LOAN PROGRAM




 The LOAN PROGRAM does not allow for “luxury items” which are defined as items like a swimming pool or hot tub, etc. But you can repaint, replace flooring, remodel cabinetry in kitchens and bathrooms, add wallpaper, replace appliances – even add a room to an existing structure (which can significantly add to value as you increase the square footage of your home). 




 Many advantages exist with this government LOAN PROGRAM but the biggest is the ability to have all of your acquisition or REFINANCE LOAN together with your improve LOAN in one low INTEREST RATE instead of two separate governments LOANS that are always of higher INTEREST RATES




 The Federal Housing Administration callas this FHA LOAN PROGRAM a 203K LOAN. You can find information on the FHA website located here: 








 LENDERS have to be approved by HUD in order to do this LOAN PROGRAM. To avoid delays that BROKERED LOANSin this niche create, it is essential that you go with a LENDER that can offer in house underwriting and expertise instead of using a MORTGAGE BROKER due to the intricacies of the LOAN PROGRAM




Wichita Falls TX FHA 203k LOANS has two TYPES OF LOAN PROGRAMS. The first is what is called a streamline 203K LOAN. 203K streamline LOANS tend to have lower dollar amounts and you can not make any improvements on structure.  But, basic cosmetics, etc. that a streamline 203K Rehab LOAN allows The second type of 203K LOAN is called a Full 203K LOAN. The full 203K LOAN OFFERS the ability for the HOME OWNER to renovate or rehab their property including structural improvements, like doing foundation work or adding another room, etc. 




 Now you can have the home of your dreams- so when looking for a home- you can envision new carpeting, paint, lighting, remodeled kitchen or bathrooms, etc. which could allow you to remodel your existing home or give you more flexibility in your HOME PURCHASE




 For more information on renovation or rehabilitation of your home using Wichita Falls TX FHA 203k LOANS and the surrounding area please contact Joy Bates , SENIOR MORTGAGE Banker at 817-860-3232 or email Joy: joybates@leader1.com or log on to http://legacyfinancial.com and request more information. Joy does LOANS all over the state of Texas. 

Posted by

The Legacy Group of CrossCountry Mortgage

Chad and Joy Bates NMLS #243437


1205 West Abram St. 

Arlington, TX 76013