Get a FREE 203K Loan Quotation and Quickly Make Repairs to That House!
These loans' principal advantage is that they enable you to purchase a home in need of repairs that you otherwise might not have been able to afford. Additionally, there aren't many down payments needed, and interest rates are frequently favorable.

In many cases, the loan will also include the following provisions: 1) an up to 20% contingency reserve so that you will have the money to finish the remodel in the event it ends up costing more than the estimates suggested; and/or 2) a provision that gives you up to about six months of mortgage payments so you can live somewhere else while you're remodeling, but still make mortgage payments on the new home. Whether you're a first-time home buyer or an experienced investor, we'll help you clearly comprehend the differences between loan programs so you can select the one that's best for you. With resources and knowledge that will aid you along the road, we're here to make the home loan process much simpler for you.
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