Considering a HUD 203(k) renovation loan?
This is the single most important remodeling tool available for Realtors, Borrowers, and Renovators.
|Just one loan to apply for.
Just one closing to attend.
Just one monthly payment.
|This is renovation made easy!
Any income level qualifies
* Low 3.5% down payment
* No hidden fees or closing costs
* Flexible credit qualifying
* Assumable loans
* Finance up to 6 months of mortgage payments during construction
* Purchase, refinance and improve all with one easy loan!
* As low as $100 down payment on select HUD homes!
* The remodeling process is monitored and inspected by the Consultant
...so you are not alone with the contractor
FHA/HUD 203(k) lending is responsible for more community and neighborhood revitalization than any other program in the country.
A HUD 203(k) loan offers borrowers the resources to rehabilitate a home that is in need of repair, either the home that they currently live in,
or that special fixer-upper. One single loan is used to pay for the purchase (or refinance) along with the cost of renovating the home.
Made available to certain lenders by the U.S. Department of Housing and Urban Development (HUD), the FHA 203(k) program has already
provided many buyers with the funds necessary to buy their first home, or greatly improve a current home. The FHA 203(k) loan is available
to borrowers of all income levels, to homeowners who plan to occupy the house, and for homes with one to four units.
This program is not just for purchasing a home. It can also be used as part of a refinance to make improvements to a home. Borrowers who want to improve their home instead of move.
IndependentConsultant Request Form