Considering a Renovation Project or Home Improvement?
A 203(k) Renovation Loan may be just what you need to get started....
– Looking to renovate your kitchen or add a master bathroom?
– In need of a new roof?
– Upgrading systems for energy-efficiency?
– Looking to buy but the houses on the market are dated?
– Did your Home Inspection reveal necessary repairs or inspire upgrades?
– Could it be your dream home if only it had one more bedroom?
Purchasing or refinancing into a Renovation Loan offers you the opportunity to realize your home’s potential. The FHA 203(k) Renovation Loan offers financing based on the value after your home improvements and repairs.
Whether you have purchased a tired, outdated home, looking for energy-efficient upgrades, or are living in one that you’d like to expand/improve, purchasing or refinancing into a Renovation Loan offers you the opportunity to realize your home’s potential. The FHA 203(k) Renovation Loan offers financing for home improvements and repairs up to 97.75% of the “after-improved” value of your home.
“Home renovations have historically been financed with home equity loans. The FHA 203k Renovation Mortgage allows you to tap into your anticipated value for your renovations” -Jack Murphy, Wells Fargo – Home Mortgage Consultant, Renovation Specialist.
Loans are available for single family homes, condos, and multi-family up to 4 units. Tiger’s highly experienced FHA 203(k) Consultant, George Turner, along with your Renovation Lending Specialist, works with you from the feasibility of the project through the completion of your renovation.
To find out if this is the right program for you, contact Tiger at (800)-328-4677 to speak to our 203(k) Consultant, George Turner.