Purchase, upgrade & repair the property all under the same loan! This means that you don’t have to use your own savings to renovate the house to the way you want it!
Refinance and remodel an existing home.
Do you want to refinance and renovate your existing house and increase your equity (value) at the same time? The 203K loan includes the ability to upgrade your existing home simply and easily!
Only a 3.5%
Whether you purchase or refinance a house, the 203K loan includes buying the house AND the costs of making the repairs up to 110% of the future value of the home with a minimum 3.5% down payment!