Other Loan Options
Section 203(k) enables homebuyers and homeowners to finance the purchase of a house and the cost of its rehabilitation through a single mortgage or to finance the rehabilitation of their existing home.
3.5% down payment
Limited 203K Program available for less extensive repairs
Down payments can be gifted
FHA 203k Loan
HomeStyle® Renovation Mortgage
The HomeStyle® Renovation (HSR) mortgage permits borrowers to include financing for home improvements on a purchase or refinance transaction of an existing home.
Cost-effective way to renovate or improve your home
Single mortgage means lower closing costs and typically lower interest rates
Borrowers can qualify for a combined loan to value (CLTV) of up to 105%