FHA 203K Loans

The FHA 203k Home Improvement Loan allows a borrower to finance the cost of a home purchase or refinance along with essential, non-luxury renovations (e.g., energy upgrades, kitchen repairs) in one loan. Qualification requires the borrower to be an owner-occupant, the home to be at least one year old, two appraisals, and a 3.5% down payment on the total cost.

Alternative Lending Products cater to borrowers who face challenges with conventional loans. The Fresh Start program assists those with recent foreclosures or bankruptcies, offering LTVs up to 85% and low minimum credit scores. The Bank Statement Program helps the self-employed by using 12-24 months of bank deposits to calculate qualifying income, providing up to 90% LTV.