The FHA 203k Rehabilitation Loan Product is a mortgage loan insured by the Federal Housing Administration, or FHA. With this loan you can make home improvements on a new house, make simple upgrades like a kitchen or bath for a home you already own, or completely reconstruct a home that is presently unlivable. A 203k Rehabilitation loan can even be used to tear down an existing structure and rebuild using some portion of the existing foundation.

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GUIDELINES​

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• NO Overlays: We will underwrite based on FHA guidelines

• Flexible Rehabilitation Loans: Close before home rehabilitation is complete and no mortgage payments until rehabilitation is complete

• Low Down Payment: 3.5% down payment for 580+ credit scores, & 10% down payment for 500+ credit scores

• High DTI OK: Max DTI of 55% with 620+ credit score

• Only for primary residence, NO INVESTMENTS