Indy Mortgage Blog

FHA 203K Loan

May 28th, 2012 | HUD - FHA Financing Programs

FHA 203K Renovation Loan

This financing allows for both the Purchase and Renovation or Remodeling all in one Loan

Click on the arrow to view a 6 minute presentation

Click here for Q & A on most frequently asked questions on 203k rehab loan.

*  Purchase a home Below Market.  Many homes are currently sitting on the market being passed by for reasons such as needing cosmetic repairs, major improvements to just being outdated.  This has made many of those home open and flexible in the offers they will accept.

*  Have renovation / improvements customized to personal taste giving added control and value in this purchase.

For More information contact: Ken Blaudow 317-570-6300 #208

If you would like more information about this loan program please click here or if you would like to see if you would qualify please click here.

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Indianapolis Homes for Sale | Avon Homes for Sale | Brownsburg Homes for Sale | Carmel Homes for Sale | Carmel Homes for Sale | Fishers Homes for Sale | Franklin Homes for Sale | Greenfield Homes for Sale | Greenwood Homes for Sale | Martinsville Homes for Sale | Noblesville Homes for Sale | Plainfield Homes for Sale | Westfield Homes for Sale | Zionsville Homes for Sale
 

Comments

Dwanesha Wilson - May 31st, 2016

Is there a minimum on the loan amount? I am looking at duplexes for about 30k-40k and want to do renovations.

Scott and Michelle Mosher - April 28th, 2016

We are looking at house that seems to fit the bill for a 203k loan.  Wondering what steps we need to take to put an offer on it and making sure we borrow enough to update and make repairs to the home? 

Jason McCart - September 22nd, 2015

Looking to purchase a home that needs some work - cosmetic. I read the guidelines for a 203K. All repairs would be under the edgible. I currently have a home and will be listing for sale but believe I will qualify with both. Currently about 8K month but only filed 63K last year I'm at about 80 already. current score at @ 700. Current mtg 1150 and new home looking at @170 purchase $ 30K in updates non structural. What are your thoughts ? What are rate terms ?

Charlie Pennington - January 11th, 2014

I was looking at purchasing a home at auction with flood damage/mold in the basement and wanted to talk about financing/203k rehab loan possibilities.

Robert McCoy - January 6th, 2013

I am renting a home that I will buy this spring. I want to add a Solar Power and Battery Backup System to the House and Add a Sun Room - Can I use the 203k Rehab Loan to accomplish this in one loan instrument?



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Indianapolis, Indiana 46256
317-570-6300
FAX: 317-570-6629
ken@indymortgage.com
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