- 550 Fico
- Purchase & Rate & Term
- Primary Residences
- 30 & 15 Year Fixed Rate and 5/1 ARM Available
- Conforming & High Balance Loan Amounts
203(k) Advantage
Financing that covers both acquisition and/or rehab.
Repairs/improvements completed after closing.
Borrow against the property value AFTER IMPROVEMENTS
Standard 203(k)
- No Maximum Repair Amount
- 1-4 Units Allowed
- Structural/Non-Structural Repairs Allowed
- Work Must be Completed within 6 Months of Closing
Limited 203(k)
- $35k Maximum Repair Amount
- 1-4 Units Allowed
- HUD Consultant Not Required
- Work Must be Completed within 6 Months of Closing
