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FHA 203k Renovate Loan

For the Almost Perfect Property

Love a house but know that it needs a few updates before you’re ready to move in? Or maybe it’s almost just right for your growing family but not quite big enough? For the almost perfect home, there is a perfect solution. The all-in-one home improvement loan … it’s just what you need to get the most out of a properties potential.

Renovation Options:

• Remodel bathroom
• Replace leafy roof
• Remodel kitchen
• Conserve energy with new windows
• Update electrical, plumbing or heating
• Put in new flooring, carpeting or tile
• Add a porch, deck or patio
• Renovate or add a room
• Paint the house or add siding

Your Mortgage Banker will assist you in setting up financing that will support both the purchase of the home itself as well as the cost for the specified renovations. At closing, the seller will receive their portion of the funds from the completion of the sale and the existing funds will be placed into an escrow account for the buyer to use during the renovation/rehab timeline.

These are just a few of many renovation projects you can finance with the 203k FHA loan. Speak with your Mortgage Banker today to learn more!

Information provided by: 417 Home Loans, Flat Branch Home Loans

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