203K FHA Home Loans
Home Rehabilitation Loan Offers

The FHA 203K is the only home improvement loan today that enables you to borrow more than your home is worth. The FHA 203K loan allows 115% financing for home rehabilitation and energy efficiency upgrades like solar heating.

FHA home loan refinancing offers 203 FHA home loans that have been very popular with foreclosure home buyers. A lot of foreclosed homes that people buy need significant improvements and the 203 loan enable borrowers to qualify for a FHA finance loan beyond the home’s value.

FHA lenders continue to finance 97% of home purchase loans with affordable payments because FHA rates are still really good. The 203(b) is a FHA home loan program with a fixed interest rate. The 203 is a popular FHA home loan with first time home buyers. The 203(b) FHA loan keeps your down payment to a minimum. Your closing costs may also be minimized, so ask your loan officer. The 203(b) FHA loan will finance up to 97% loan to value, so you may only need 3% down to buy a home.

You must qualify with specified debt to income ratios, but the 203(b) does not have a minimum income requirement. Check with your loan officer and financial consultant about what your debt to income ratio, or discuss your loan options with an experienced FHA lender.