Fixing up your dream home just got easier with a Rehab Loan. If you've found the perfect property that needs renovation, you can now purchase the home and incorporate the renovation costs into your loan.
An FHA 203(k) Loan, also known as a Renovation Loan, offers buyers the opportunity to finance both the home purchase and renovation expenses within a single mortgage, all at a low rate.
For military personnel and veterans, the VA also provides a similar option to purchase a home and finance necessary renovations to meet VA standards.
Rehab Loans have comparable qualification requirements to standard FHA or VA loans, but with additional documentation necessary for the renovation aspect.
Do you have questions? Contact us today! Our team of mortgage specialists is here to provide you with all the answers you need.