You found a house that needs a little work. OK, maybe it needs a lot of work. Either way, the FHA 203(k) Loan allows you purchase and renovate the home using funds from the same mortgage. You're taking on a lot with this project. At least save yourself some headaches by getting one mortgage to finance the purchase and all that repair work. We'll lock you into a competitive interest rate over a 30-year term.
One loan to finance the purchase and renovation of your new home.
Take 6 months to renovate your new home.
Credit scores down to 640.
Maximum loan amount varies by county.
30 year fixed rate mortgage.