
Can We Demo the Existing House?
For 203k reno you’re required to preserve the existing foundation. The foundation can be expanded, but you must keep the existing foundation intact. Conventional reno
For 203k reno you’re required to preserve the existing foundation. The foundation can be expanded, but you must keep the existing foundation intact. Conventional reno
FHA 203(K) Limited allows for up to $50,000 in rehabilitation costs (instead of the usual $35,000) for properties located in one of the Treasury Department’s
The 203(k) Standard product allows the borrower to finance up to 6 months worth of mortgage payments. The HUD Consultant must deem the property as
Renovation loans can be great solutions for purchasing and renovating a mixed use store front type property. Upgrade and finish work is limited to the
Upgrading HVAC, windows, doors, lighting & electrical, insulation & adding solar panels can significantly decrease the monthly amount your borrower pays for utilities. All of
Did you know that up to 6 months of mortgage payments (PITI) can be funded into the loan? It’s designed to help borrowers from carrying