Renovation Loans FHA 203K

FHA 203K Renovation Loans &
Conventional Home Style Renovation
Loans
are available for Purchase and Refinance
Estate Agent Showing Prospective Female Buyer Around Property

What is An FHA 203K RENOVATION

FHA program for existing single family
homes which allows for repair or renovation
for existing homes in two formats.
‾ Standard 203(k) for major renovation.
‾ Streamline 203(k) for limited repairs.

 

Conventional Home Style Renovation

https://www.fanniemae.com/content/fact_sheet/homestyle-renovation-factsheet.pdf

  • Max loan including renovations $417,000Builder handyman with construction tools. House renovation background.
  • 20% down is on total  purchase price + renovations
  • Renovation can be Up to 50% of purchase price
  • Renovation should be completed within 6 months
  • Renovation must add value to home
  • will require 2 appraisals
    As is now
    and as will be with upgrades

Contact Racheli 954-800-0330 for more information on Home Renovation Loans