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FHA 203K Home Improvement Loan

August 08, 2017

The FHA is now offering a loan that allows you to borrow money for both home improvements and home purchase, all in one loan. TheFHA 203K loan can also be used for just home improvements, depending on your needs.

 

Because this loan is offered by the FHA, it is easier to get approved for than some loans.

 

Have you found the home that is almost your dream home - the right neighborhood, right yard, but the home needs some improvements to become perfect? With the FHA 203k it's possible for you to turn that house into your home and fund all of the improvements it needs. FHA usually requires the project be completed within 6 months, and that a contractor is used for the work. Call us today to discuss the details and restrictions of the FHA 203k.

 

The FHA 203K loan enables you to avoid high interest rates on 2nd mortgages, borrow against the projected value AFTER your improvements are completed, and may even allow you to draw enough money to pay rent at another location while your home is being remodeled.

 

Contact us today at GSF Mortgage to talk about what the FHA 203K loan can do for you!

 

Contact us today for more details about this fantastic program!

 

 

Ron Meyer
GSF Mortgage Corporation
300 Patriot Dr.
Little Chute, WI 54140
(920) 788-9608
rmeyer@gogsf.com
NMLS #222688 & 1018