The Section 203(k) program is the Federal Housing Administration’s primary operation for rehabilitating and repairing single-family properties. It’s an important tool for community revitalization efforts; therefore, lenders who participate in the program receive top support from the federal Department of Housing and Urban Development.
With an FHA 203(k) loan, you can receive up to $35,000 for the do-it-yourself project of your choice. Update your kitchen with the latest appliances and color schemes, finish your basement or attic … basically, fund any project that doesn’t require consultants, engineers or architects. You can even turn your single-family house into a multiunit dwelling that ultimately pays for itself!
You can also use an FHA 203(k) loan to purchase a home with as little as 3 percent of the “as is” value down.
And every step of the way, Hartford Improvement Specialists will ensure a quality process, including draws and inspections.
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FHA 203k Loan
