Introducing the FHA 203k Rehabilitation Loan

 

 

 

 

The FHA 203k Rehabilitation Loan is a remarkable loan program combining the purchase price and the cost of the desired repairs into one mortgage with a minimal down payment requirement.  Explore this site to learn more about this program, dispel some of the myths you may have heard, and see how the FHA 203k loan can benefit you in your purchase or refinance of a “fixer-upper.”

Just some of the highlights of this excellent renovation loan program are:

  • Low Down Payment
  • Purchase or Refinance
  • Finance Your Mortgage Payments During Construction
  • Use to Rehab any 1 to 4-Unit Property
  • Loan-to-Value’s Up to 110%
  • Seller Credits Allowed

You can call or email me to discuss even further.

 

One Mortgage, Inc
119 E Palatine Rd, Suite 200
Palatine, IL 60067
NMLS #: 210252
An Illinois Mortgage Licensee

2 Responses to Introducing the FHA 203k Rehabilitation Loan

  1. Carlos Omar Cabrera says:

    to whom concern:
    Hi my name is Carlos Cabrera I had a foreclosure but I would like to get a rehab loan to buy a property and I would like to know if that is possible with your finance company thanks

    • beggers says:

      It all depends on how long ago the foreclosure was. FHA has a 3 year waiting period for foreclosures in order to be eligible for new FHA financing. Contact me through the “Email Me” page on this site and we can discuss further.

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