Have you found a great fixer-upper that you wish to transform into your dream home? Consider the FHA 203(k) renovation loan program. This financing solution allows you to purchase or refinance of a home and get money for th the cost of improvements and repairs. There are two options: Standard 203(k) and Limited 203K, Noreast Mortgage Services is a leading provider of FHA 203k loans in Rocky Hill, West Hartford, Hartford, Middletown, New Haven as well as the whole state of Connecticut. For more information on FHA 203k home renovation loans fill out the quick quote on the right or give us a call.
Advantages of FHA 203k Loans
Allows you to purchase or refinance a home and obtain funds for renovations.
Two types of the FHA 203k Loan Program
Standard 203(k) This is intended for more complex projects that involve structural changes to the home that may prevent you from living there. This option is used if engineering or architectural drawings and inspections are required. Repair amounts: • Minimum $5,000 • No maximum
Limited 203(k) This program is designed for less expensive improvements that do not require a consultant, architect or engineer. Repair amounts: • No minimum • Maximum $35,000
Renovation Options for your Home
Allowable repairs include windows, roof, siding, finish a basement, flooring, appliances, kitchen cabinets, new septic, bathroom remodel and much more.
Apply for an FHA 203k Loan
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