Fix up your fixer upper home with a Rehab Loan
You may be able to purchase a home and roll the costs of the renovation into your loan.
Fix up your fixer upper home with a Rehab Loan
If you have found the perfect home but it needs renovation, you can purchase the home and roll the costs of the renovation into your loan.
An FHA 203(k) Loan, also called a Renovation Loan, allows buyers to finance the cost of the home and the renovation in one mortgage with a low rate.
The VA also offers a similar option for military and veterans to purchase a home and finance the required renovations to bring it up to standards set by the VA.
Rehab loans have similar qualification requirements to a standard FHA or VA loan, with additional documentation needed related to the renovation.
Have questions? Give us a call! One of our mortgage specialists would be happy to answer all of your questions.
The VA also offers a similar option for military and veterans to purchase a home and finance the required renovations to bring it up to standards set by the VA.
Rehab loans have similar qualification requirements to a standard FHA or VA loan, with additional documentation needed related to the renovation.
Have questions? Give us a call! One of our mortgage specialists would be happy to answer all of your questions.
Get started today!
Fill out the questionnaire on this page to start a discussion about your mortgage needs today!
What are your goals?
We are committed to helping you reach them!
We are committed to helping you reach them!
