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FHA 203(k)

  • 550 Fico
  • Purchase & Rate & Term
  • Primary Residences
  • 30 & 15 Year Fixed Rate and 5/1 ARM Available
  • Conforming & High Balance Loan Amounts

203(k) Advantage

Financing that covers both acquisition and/or rehab.
Repairs/improvements completed after closing.
Borrow against the property value AFTER IMPROVEMENTS

Standard 203(k)

  • No Maximum Repair Amount
  • 1-4 Units Allowed
  • Structural/Non-Structural Repairs Allowed
  • Work Must be Completed within 6 Months of Closing

Limited 203(k)

  • $35k Maximum Repair Amount
  • 1-4 Units Allowed
  • HUD Consultant Not Required
  • Work Must be Completed within 6 Months of Closing