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
- Max loan including renovations $417,000
- 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