You can find some great deals on properties sold as is. But sometimes, they need a great deal of work and renovations, too. An FHA 203(k) Renovation Loan may be just the loan you need. This specialized program allows you to finance the purchase of the home, plus renovations, all with the convenience of a single loan and closing.
Here are a few of the key features of an FHA 203(k) loan:
Requires as little as 3.5% down payment to qualify
Includes most renovations that add value to the property
Covers materials, labor and expenses such as permits and fees
Applies to owner-occupied primary residences, from 1-4 units
Lord Mortgage & Loan - Millions To Lend - Creative Financing!
6971 N. Federal Highway; Suite 103
Boca Raton, FL 33487 Phone (561) 807-9001