203(K) Consulting

Why use a 203k loan?

  • You can borrow up to 110% of what the property will be worth after the renovations are completed.
  • Have a low-down payment of around 3.5%.
  • Be able to make an offer on a home that normally wouldn’t qualify for a loan due to poor property conditions.
  • Refinance home to budget for renovations or repairs.

What does a 203k Consultant do?

  • They will ensure that all property requirements are met.
  • Review the contractor’s bid and submit the corresponding paperwork per HUD guidelines.
  • Assure all the repairs are being done within the allotted time frame.
  • Evaluate all repairs are being done by HUD guidelines.

Call our office if you have any questions or to find out if this renovation loan is right for you, 800-345-2776.