You Can Buy AND Renovate a Home with One Loan!

Buy AND renovate a home with a 203k mortgage! Because there is much more involved with this loan product than simply “getting a mortgage”; be prepared to be patient. There are a couple of different 203k products: 203k 203k Streamline (aka: Streamline 203k Limited Repair Program) The Streamlined 203(k) loan is the easiest and less costly renovation loan of the two. Eligible Borrowers This loan program is available only to people who plan to use the properties for which they are getting the loans as their primary residences. If a current homeowner needs to rehab his existing home, he can use the 203k refi program. Nonprofit organizations can also qualify for this loan program. *It is not available to investors who will not be living in the property.*...

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