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

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NOT A GUARANTEE, OFFER OR AGREEMENT. EVERETT FINANCIAL, INC. D/B/A SUPREME LENDING NMLS ID #2129 (www.nmlsconsumeraccess.org) 14801 Quorum Dr., #300, Dallas, TX 75254. 877-350-5225. © 2017. Information, rates, & programs are subject to change without prior notice. Subject to credit & property approval. Not affiliated with any government agency. Intended for Texas Consumers Only. Texas- SML Mortgage Banker Registration Residential Mortgage Loan Originator.