Buy that fixer upper in your favorite neighborhood and make it new again.
A 203k finances remodeling costs above the purchase price or current value*. When the remodeling is completed, the loan becomes your permanent financing and is paid back as a standard mortgage. No need to refinance and no lump sum payments.
- Minimum down only 3.5% (gifts allowed)
- First-time homebuyer
*Subject to Appraiser valuation of after improvement value. Primary residence only.