HUD’s 203K home financing program in Colorado allows you to purchase a home plus include in the loan the cost of making repairs and improvements. Are you looking to purchase a fixer upper home in the Denver area? Need financing for renovations or repairs to your home?
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HUD’s FHA 203K financing program in Colorado now allows you to purchase a home or refinance your current property plus include in the loan the cost up to $35,000 for making repairs and improvements to your home. In most cases the down payment requirement is about 3.5% of the purchase price and repair cost of your owner occupied home.
To process of qualifying for a 203K loan does come with a list of requirements and it is recommended the you work with a experienced Realtor and Mortgage Broker to help you through the process.
To get started or for more information about the FHA 203k Mortgage Program please contact us.