The Lowdown on 203K Loans...

Why a 203K Loan?

The main benefit of these loans is that they give you the ability to buy a home in need of repairs that you might not otherwise have been able to afford to buy. Plus, the down payment requirements are minimal, and often you get decent interest rates.

Fixed Rates
Adjustable Rate Mortgage (ARM)
Minimal Down Payments
Custom Terms from 15 to 30 Years

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Our 203K Loan Rates Are Low and Our Process is Quick and Painless

An FHA 203K loan is a loan backed by the federal government and given to buyers who want to buy a damaged or older home and do repairs on it. Here’s how it works: Let’s say you want to buy a home that needs a brand-new bathroom and kitchen. An FHA 203K lender would then give you the money to buy (or refinance) the house plus the money to do the necessary renovations to the kitchen and bathroom.

Under traditional forms of financing, buying a home that is in need of remodeling is often difficult if not impossible. The FHA 203K and Fannie Mae Homestyle Renovation loans are rehabilitation loans that allow you to not only finance the purchase of the home, but also the updates. Both of these loans can be a great option for the buyer looking to purchase a home with potential, but would prefer or need to finance those rehabilitation costs.

We’re here to make the 203K home loan process a whole lot easier, with tools and expertise that will help guide you along the way.

We’ll help you clearly see differences between loan programs, allowing you to choose the right one for you whether you’re a first-time home buyer or a seasoned investor.