Two Loans in One with Homestar Mortgage's FHA 203(k) Renovation and Home Loan
With Homestar Mortgage, you can take advantage of quick decisions and turnaround times. Our in-house 203(k) underwriter is an expert in this program.
How a 203(k) Can Help
- Remodel a kitchen or bath
- Add a family room or extra bedroom
- Make needed plumbing or electrical repairs
- Replace a leaky roof
- Make energy conservation improvements
- Improve handicap access
- Finance 96.5% of the acquisition cost PLUS improvements
- 55% debt to income ratio
- Close within 45 days
- Streamline K's with 35K improvements
- Full 203(k) available
- Owner occupied
- Minimum of $5,000 in permanent, non-cosmetic repairs must be done to qualify.
- Property or foundation must have been in existence for at least one year.
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LICENSES: RI Broker #96000596LB - RI Lender #20031583LL
MA Broker/Lender #MC2340 - CT Lender/Broker #12594
FL Correspondent Lender #CL0700894