Home

Often people wish to fix up their home but lack the funds to do so.
\| 203k Rules \| FAQ \| Streamline-203k \| 203k Draw inspection \| What are 203k Consultant \| Contact \|
Now you can! The FHA 203k loan is a HUD approved FHA home loan. The difference is, 203k includes money for home repair and remodeling. The 203k loan may allow you to have the home you always wanted. This is a terrific loan program, and not too complicated.	A 203k loan is simply a FHA loan with a twist. An ordinary FHA loan referred to as a 203(b) in the the mortgage industry. Adding renovation or improvement costs to the loan you get a 203k! Through this loan program, renovations are completed after closing of the loan by using a portion of the loan proceeds to cover improvement costs. Funds are held in a managed account with the mortgage company, earning you interest during the renovation period. "Draw requests" throughout stages of renovation release funds to your contractor's as the work progresses.

\| 203k Rules \| FAQ \| Streamline-203k \| 203k Draw inspection \| What are 203k Consultant \| Contact \|