
FHA 203(K) REHAB Loans
Create the home you’ve always dreamed of with our FHA 30-year fixed-rate 203(K) Rehabilitation Loan program. Improve your existing home or buy one that needs repair or updates with a Renovation loan. This program allows you to finance a new home or refinance and renovate your current one with an all-in-one mortgage rather than having to apply for multiple different loans.
Program Benefits
- Minimum credit score of 620
- Maximum 55% Debt-to-Income (DTI) for credit scores > 680
- Maximum 50% DTI for credit scores 640-679
- Maximum 43% DTI for credit scores 620-639
- Required to have an FHA 203(K) consultant
- Disbursements of up to five can be made
- No maximum rehab escrow amount
- Funds are disbursed to contractors as work is inspected after completion