How much will the projects cost? What improvements can be made? Will they meet HUD Requirements? Will they be completed on time? What if there are funds leftover? What if the project is going to cost more than we anticipated?
Have an advocate on your side to answer these questions.
A 203K Consultant is with you from start to finish and every step along the way.
The 203K Consultant works with you, your Contractor and your Lender to
get the renovation or remodel done, the right way.
Whether you need an addition to make a home the PERFECT FIT or have your heart set on a home that needs major repair or renovations...there may be an FHA 203K Loan Program to help.
203K Loans allow qualified Buyers to finance the Purchase Price + the Renovation/Repair Costs, in one, low interest FHA-backed mortgage loan. The FHA currently has two 203K Loan Programs; Full 203K (Standard) Loan or Streamline 203K.