FHA 203K for Remodeling Your Home
This FHA loan
program was designed to assist homeowners that would like to upgrade,
remodel, add on, repair or rehab their existing home. This loan pays off
your existing mortgage and provides funds for your construction project
or repairs with a
new 30-year fixed payment.
Remodel Construction
Loan Program Details:
-
Low Rates: Use
an inexpensive government backed mortgage refinance
loan to rehab, remodel, repair and improve your existing home.
-
Major
Renovations or Minor Repairs: This loan can be used for minor maintenance or large scale additions
including kitchen remodels, bathroom updates, new roofs, carpet, tile,
cabinets, HVAC, paint, covered patios, heath, safety or energy
conservation improvements, or basically any improvement to the structure
of the house.
-
Up to 97% LTV: Use the value of the finished project to determine the
loan amount. You can borrow up to 97% of the finished value of the
project.
-
Easy to Qualify:
Credit score is considered, but credit history is more important. If you
have paid your debts in a timely manor in the past 12 months and have no
open judgments, collections or tax liens, you are likely approved for
this loan program from a credit standpoint.
Ask your loan
consultant for details and requirements on these and other
construction loans in Arizona.
For properties in Arizona, please call
us for assistance. For all other states, please Pre-Qualify Now by CLICKING Below:
FHA 203K for Purchasing a
Home
that Needs Work, Remodeling
This FHA loan
program was designed to assist home buyers purchase a home and then
upgrade, remodel, add on, repair or rehab the new home. This loan pays
for the purchase of the "fixer-upper" home and provides funds for the construction
rehab or remodel with a low 30-year fixed payment.
Purchase and
Rehab
Loan Program Details:
-
Low Rates: Use Inexpensive government backed mortgage
loans to purchase, rehab, remodel, repair and improve a home that needs
work.
-
Major Rehab or
Minor Repairs: This loan can be used for minor maintenance or large scale additions
and rehab
including kitchen and bath remodels, or cosmetic items such as carpet or
tile.
-
Up to 97% LTV: Use the value of the finished project to determine the
loan amount. You can borrow up to 97% of the finished value of the
home.
-
Easy to Qualify:
Credit score is considered, but credit history is more important. If you
have paid your debts in a timely manor in the past 12 months and have no
open judgments, collections or tax liens, you are likely approved for
this loan program from a credit standpoint.
As available programs change often, please contact us to discuss your
remodel
or construction rehab project.
For
construction loans and rehab loans for properties in the state of Arizona,
please fill out the form below to be directed to a loan
specialist.
For
construction loans / remodel loans on properties
outside of AZ, please fill out the form below and choose "purchase"
or "refinance" to
contact an FHA 203K construction loan specialist in your area:
Pre-Qualify Now by CLICKING Below:
