203K Loans Are Still Available

Are you in the market for a fixer upper, but don’t have the money to fix up the home you want. You may qualify for a 203K loan!! The Loan will allow you to purchase a home and include money to fix up the home, a all in one loan. If you are buying or already own a home you can quickly and easily tap into cash to pay for property repairs or improvements, such as those identified by a home inspector or an FHA appraiser. Homeowners can make property repairs, improvements, or prepare their home for sale. If you are buying a home, make your new home move-in ready. You can remodel the kitchen, paint the interior, update the flooring, add New windows and doors, improvements for easier accessibility to the handicapped, new appliances, add a fence, driveway and many more!! 203 K loans are still available.

39 Replies to “203K Loans Are Still Available”

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  2. A portion of the loan proceeds is used to pay the seller, or, if a refinance, to pay off the existing mortgage, and the remaining funds are placed in an escrow account and released as rehabilitation is completed.

    1. Hi, I don’t see why not? The 203K loan is not down payment assistance, which you are allowed to get a certain percentage from the sellers, or a gift. I spoke to the real estate commission, and as long as the lender approve, and it’s listed on the settlement statement, we are all good. I would love to assist you, in any way, that I can.

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