Purchase and renovate a home all with the same loan.
Simply put, buy a home and remodel it with the same loan. Purchase and renovate loans require three professionals to make sure you navigate this product and close properly; a solid 203K consultant, a great contractor and a loan officer with a company that knows how to close this product.
Purchase and Renovate Loan Features & Benefits
- Maximum Loan amount is $417,000
- 3.5% Down Payment
- Lower Credit Scores accepted
- Minimum Reserves
- 100% of the Down Payment can come from a Gift
- No income qualifications available
Please see FHA Loans for more additional information.