Whether you’re looking to renovate a new home or remodel your present one, the preferred lending team of Advantage Home Plus can help you find a loan to fit your situation.

FHA 203(k) Renovation Loan

With a new home purchase or refinance, FHA 203(k) loans can finance a wide variety of remodel and rehab projects, including room additions, system upgrades, weatherproofing or even solar energy equipment – and the loan can finance both the home purchase and rehab cost. Downpayment can be as low as 3.5% for purchase loans and the qualification requirements are less stringent than with some other loans.

There are two versions to choose from, depending on your needs:

  • Small Projects: FHA 203(k) Streamline Renovation Loan, which will fund even do-it-yourself work
  • Large Projects:FHA 203(k) Renovation Loan, for projects requiring the assistance of a general contractor