# Mortgage Basics

FHA 203k Loans

FHA 203k loans are a type of mortgage financing that is specifically designed for homeowners who are looking to make improvements to their property. These loans, which are also known as rehabilitation loans or renovation loans, are provided by the Federal Housing Administration (FHA) and are insured by the government.

One of the key features of FHA 203k loans is that they offer a high loan-to-value ratio. This means that borrowers can finance a large portion of the cost of their home improvements with an FHA 203k loan, which can be especially helpful for those who are looking to make significant upgrades to their property.

Up to
95%
LTV - Purchase
NA
LTV - Rate & Term
NA
LTV - CASH OUT
30
Year Fixed
IO Options
County limit
Price range

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# Apply For FHA 203k Loan

FHA 203k Loans

Another key feature of FHA 203k loans is that they have more flexible qualification requirements than traditional mortgages. This is because the loan is insured by the government, which reduces the risk for the lender. As a result, borrowers who may not qualify for a traditional mortgage due to factors such as a low credit score or high debt-to-income ratio may still be able to obtain an FHA 203k loan.

One potential drawback of FHA 203k loans is that they may come with higher interest rates than traditional mortgages. This is because these loans are considered to be riskier by lenders, due to the unique nature of the home improvement market. However, for borrowers who are able to qualify for an FHA 203k loan, the higher loan amounts and more flexible qualification standards can make them a good option.

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(650) 388-0418

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# Apply For FHA 203k Loan

Why Should You Choose Us?

We're here to make the home loan process a whole lot easier, with tools and expertise that will help guide you along the way, starting with our simple Hard Money Rate Quote.

  • Customer Focused
  • Minimal Documentation
  • In-Houses Controls
  • Best Loan Services
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# Apply For FHA 203k Loan

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Looking for lending in a state not listed? We do lend in other states on a case-by-case scenario. Give us a call to see what we can do for you.

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