FHA 203K
- 3.5% Down
- Finance purchase plus renovation improvements
- Common sense underwriting applies
- Down Payment can come as a gift
- 110% of properties proposed future appraised value.
- Purchase and Refinance
- 1-4 Units
- Limited 203K for renovation work under $35,000
- Standard 203K for any work greater than $35,000
- Minimum renovation work of $5,000