FHA 203K Renovation Loans
Renovation financing can be a very useful tool for buyers that just can't find the right house. Many buyers can look at 10 to 20 or more houses that they don't fall in love with and may just stop the process due to frustration. If you can't find the house you want, we'll help you make it! You can have a whole new pool of potential houses by looking at great houses that need upgrading, or you can add on to them, and increase your equity almost immediately.
An FHA 203K Loan is one of the best renovation products available to help you create a house into your home. You can buy a home, fix it up the way you want it, and include all the costs in one loan.
An FHA 203K covers items such as:
- Decks and Patios
- Bathroom and Kitchen Remodels
- New Siding
- Additions to the home, such as a second story
- Heating and Air Conditioning Systems
- And more!
A 203K loan may be right for you if:
- You haven't been able to find your dream home
- You've found a great house but don't have the cash on hand for repairs or upgrades
- You've found a short sale or foreclosure with work needed (a 203K allows you to close on the property as-is)