FHA 203k Rehabilitation Program

In recent times, FHA loans are making a strong comeback as a great alternative not just for first-time home buyers, those with less than perfect credit and even conventional borrowers. FHA loans allow higher loan amounts of 97% for purchases and 90% or 95% on refinances (Read more about FHA loans).

The 203k Rehab program can be used for purchase or refinance of a home. It is similar in nature to a construction loan except that it is for an existing home. You will identify the work needed to refurbish the home, obtain quotes from your favorite contractor and the repairs can be included as part of your new loan. Of course, like with any mortgage, it is all subject to underwriter approval.

The program provides an excellent option for many. Be sure to discuss with your Mortgage Banker if a 203k Rehab program is for you.

Looking for a no or low down-payment solution? Consider these:

  USDA Rural Development Program

  VA Programs

FHA Program

  FHA 203k Rehabilitation Program

  Section 184 Native American Guaranty Program

Reverse Mortgages

Determine your eligibility and Get Pre-Approved free of charge online or by talking to an FHA Mortgage Banker. We have the knowledge and resources to express forward your application while maximizing your benefits. If homeownership is in your future, Get Pre-Approved today.