203K Loans - Get your home and $$ for repairs!
We Have Low 203k Rates & Friendly Local Experts to Guide You Along the Way
A FHA 203k loan is a type of loan where you can finance extra into the loan amount in order to do repairs on a property you are buying. Basically, you can buy a home that may need some repairs, and the lender will lend you the money for your mortgage as well as the money you need for repairs.
Not only can will you get the money you need in order to complete your project, but there are also options for a “Contingency Reserve”, which is extra money in case your project costs more than expected. We can even include a provision to give you up to six months of mortgage payments while your repairs are being completed.
We’re here to guide you through the 203k loan process and find your best option. We go out of our way to make qualification as easy as possible, starting with our FREE personalized 203K Loan Qualifier.
Whether you’re a first time home owner, or an investor, were here to compare loan programs and rates to find you the best home loan.
The Long Beach Home Loan Process: 203k Loans
Here’s how our home loan process works:
- Complete our simple 203K Loan Qualifier
- Receive personalized options based on your unique scenario
- Analyze each scenario and compare to your needs
- Choose the offer that best fits your needs
Why a 203K Loan?
The main benefit of these loans is that they give you the ability to buy a home in need of repairs that you might not otherwise have been able to afford to buy. Plus, the down payment requirements are minimal, and often you get decent interest rates.
Find out today how much you qualify for!
Low Down Payment
Money for Repairs/Remodels