09/06/2023
I’m SO excited to share this info…
🏡Renovation/203K home loans 🏠 are an option some consumers may be overlooking 🤓🔎 Details below:
➖This loan allows you to roll all renovation costs into your financing (Conv, FHA, USDA, VA) while only requiring the standard minimum down pymt (3-5% Conv, 3.5% FHA and no down on USDA/VA)… there is no need to find secondary financing for renovation costs.
➖New home Purchase or Current home Refinance
➖Great alternative if you’re looking to upgrade but love your location, with this loan, you can refinance and make any desired additions to your current home
➖OR great if purchasing a fixer-upper as you can purchase and renovate it to your liking in one fell swoop.
➖Conventional option applies to Investment properties
➖Types of renovations include (but not limited to): pool, 2nd story, ADU (accessory unit), extra garage, kitchen upgrade, basement, etc.
See attachment and/or reach out for more info‼️