You've found a home, but it's a little rough around
the edges. Where can you turn? Now, you can transform any home from
"as is" into "exactly as it should be" with an FHA 203(k) loan from
New Penn Financial. FHA's 203(k) program enables you to
finance additional money into your mortgage to improve or
upgrade your home. With this new product, you can quickly and
easily tap into cash to pay for property repairs or improvements
and roll the costs into one monthly mortgage
payment.
How does an FHA 203(k) loan work?
The FHA 203(k) program is intended to facilitate uncomplicated
renovation and improvements to a home. To be eligible, you must
qualify for an FHA loan and your property must meet certain
criteria, such as being owner-occupied by completion. The
additional funds for renovation remain in an escrow account after
closing that you can pull from to make repairs to the property.
Eligible home improvement projects
With an FHA 203(k) loan, you could paint your house, get new
appliances, remodel the kitchen, install new carpet, add hardwood
flooring, repair or replace a leaky roof, or waterproof your
basement to name a few.
Expertise you can count on
New Penn Financial is an approved FHA 203(k) lender. We have the
expertise to help you get set up with the financing to upgrade your
home. We'll work with you one-on-one through every step of the
process.
When it comes to purchasing a home, it's essential to
partner with a lender you trust. Simply give us a call at
888-673-2035 to learn more about the FHA 203(k)
Rehab loan.
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