The FHA 203K program helps qualified borrowers purchase (or refinance) a home with the ability to renovate the property with a single loan, AND only one closing. With one loan, there is one application, one set of fees, one closing and one monthly payment.
Speak with 203K Renovation loan program specificalist today. 804-424-220
RENOVATION OPTIONS
Can include anything that adds value to the home such as:
- Room addition, incluidng new bathrooms
- New carpet, plumbing and roofing (new or repaired)
- Remodel kitchen, purchase and install new appliances
- New roof
- Repair/Replace/Upgrade existing HVAC system
- Paint - interior and exterior
- Weatherization - including storm windows and doors, insulation, weather stripping, etc.
- Accessibility improvements for persons with disabilities
- Elimination of health and safety hazards, termite removal and mold remediation
Standard Renovation
FHA 203k Loan Program
- Repairs/improvements must be at least $5000
- No minimum repair/renovation amount
- Used to facilitate major repairs and improvements
- Consultant required
- Architectural exhibits required
- Termite report required
- Purchase or refinance
- Up to six (6) months PITI can be included if property cannot be occupied during construction
Streamline Renovation
FHA 203k Loan Program
- No minimum repair amount
- Maximum repair amount of $35,000
- Used to facilitate uncomplicated repairs and improvements
- No Consultant required
- No Architectural exhibits required
- Purchase or refinance
HomeStyle Conventional Rixed-Rate
Renovation Loan Program
This program allows for the purchase and renovation of a home. A borower may refinance and remodel an existing property. Funds may cover up to 50% of the completed value of the home. With a low 5% minimum down payment, you can use the loan for a primary residence. Second home or investment property options are also available. Low or no PMI for qualified borrowers!
Call for more details. 804-424-2200 or
APPLY NOW
