WJB - FHA 203k Loans
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Turn a Good Home Into a Great Home with a Renovation Loan!The 203(k) Renovation Loan may be able to help you get the home you’ve always wanted, by turning a home that’s almost perfect into the home that’s just right for you! You can purchase and renovate your new home, all in one loan, with one set of closing costs!
Benefits of the standard 203(k) loan include:
Don’t let the wrong carpet color, lack of central air conditioning or a poorly designed kitchen stop you from getting the home that’s almost perfect! If you have a vision of the perfect home, we have a loan that could help you bring that vision to life!
Some examples of allowed renovations are:
• No limit on repair amount; $5,000 minimum • Fees for five draws are included • Single-family homes, PUDs and 2-4 unit
primary residences are eligible
• Cost consultant fee may be rolled into the mortgage • Mortgage payments may be included if the property
is not habitable
• New roof • Remodel kitchen or bath • Room addition • New HVAC • Upgrade electrical or plumbing systems • New carpet or paint • Improve landscaping
• Install hardwood floors • Purchase and installation of new appliances • Repair or replacement of structural damage • Replace windows • Finish basement • Energy conservation improvements
These loans are especially great for FHA properties, older homes and REO homes — but any home can benefit from some remodeling or cosmetic fixes, to make it your own.
Contact me today to learn more about the benefits of a 203(k) Renovation Loan!
W.J. Bradley Mortgage Capital Corp.
© 2011 W.J. Bradley Mortgage Capital Corp., 201 Columbine Street Suite 300, Denver, CO 80206. Phone #303-825-5670. NMLS ID 3233. Trade/service marks are the property of W.J. Bradley Mortgage Capital Corp. This is not a commitment to lend. Restrictions apply. All rights reserved. Some products may not be available in all states. WJB is not acting on behalf of or at the direction of HUD/FHA or the federal government. AZ License # BK-0903998; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act RML# 4131002; To check the
license status of your CO Mortgage Broker, visit www.dora.state.co.us/real-estate/index.htm; Florida Mortgage Lender license #ML.100000098; ID Mortgage Broker License No. MBL-2803; IL Residential Mortgage Licensee – License #MB.6760738, 201 Columbine Street, Suite 300, Denver, CO 80206; MN Residential Mortgage Originator License No. 20447094; NV Mortgage Banker License No. 2061; NV Mortgage Broker License No. 504; NM Mortgage Loan Company and Loan Broker Act Reg. No. 01856; OK Mortgage Broker- License No. MB001365; OR Mortgage Lender License No. ML-776; TX Mortgage Banker Reg. No. 74182; UT Mortgage Lender Company License No. 5495659-NMLC; Vermont Broker License #0995MB; Vermont Lender License #6141; WA Consumer Loan License No. CL-3233; Wisconsin Mortgage Banker License No. 699991. NMLS consumer access: www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/3233.
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