UP TO $35,000 MORTGAGE REFINANCE
The Section 203k program is FHA’s primary program for the rehabilitation and repair of single-family properties. As such, it is an important tool for community and neighborhood revitalization, as well as to expand homeownership opportunities.
Simply put, these loans are awesome. Whether you are purchasing or desiring to improve your current home, this one could serve you well. Family expanding? Only finding grandma’s house out there from 1970? Use this loan to give your house an upgrade to 2016!
203K REHABILITATION MORTGAGE INSURANCE
Limited 203k Loan
FHA’s Limited 203k program permits home buyers and homeowners to finance up to $35,000 refinance mortgage to repair, improve, or upgrade their home. Home buyers and homeowners can quickly and easily tap into cash to pay for property repairs or improvements, such as those identified by a home inspector or an FHA appraiser. Homeowners can make property repairs, improvements, or prepare their home for sale. Home buyers can make their new home move-in ready by remodeling the kitchen, painting the interior or purchasing new carpet.