FHA 203(K) Rehab Loan
With an FHA 203(k) Loan, not only do you borrow money to buy the home itself but you’re able to borrow money to make it the home of your dreams! This kind of loan is easy to obtain and advocates for home buyers wanting to renovate.
FHA 203 (K) Loans are especially attractive to…
- Borrowers looking to buy a new home that needs a little extra TLC.
- Homebuyers who want to explore home improvement without seeking qualification for a construction loan.
- Borrowers looking to combine both the financing for buying a home as well as financing for improvements in one single loan.
Easy down payment
This loan generally meets FHA qualifications.
A simplified loan
This loan takes the stress out of everything that comes with home ownership. A FHA 203(K) loan allows you to get a handle on the home owning process.
Wide range of improvements
This loan offers different options for both large and small home projects.
Easy application process
You’re eligible for a 203K rehab loan which is similar to a traditional FHA transaction.
Peak Mortgage provides you with the tools you need to make the right borrowing decisions. These calculators will give you a basic idea of how key values are determined throughout the mortgage process. Try to ensure the information you enter is as accurate as possible. Always contact one of our Mortgage Advisors for an accurate quote that is best suited for your specific needs.
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