Finance Home Repairs & Mortgage All in One Loan

Are you or your clients interested in buying a fixer-upper or are looking to remodel your current home, but don’t have the cash to remodel it? That is not a problem with Mountain West Financial and the FHA 203(k) Rehabilitation loan: A home Repair Loan and Mortgage All in One! The FHA 203(k) loan lets your client include the money needed for repairs, upgrades, and related expenses in the loan, such as material and labor. Contact me for more information!

Typical Improvements for a Full 203(k) Include:

  • Remodeling: Bathrooms, Kitchens
  • Structural Alterations: Additional Rooms, skylights, finished attics or basements, adding a second story
  • Aesthetic Appeal: New exterior siding or paint, covered porch, stair railings, attached carport
  • Repair/Replacement/Upgrading of Interior Systems: Heating. Air Conditioning, Plumbing, Electrical and Septic Systems.

Typical Improvements for a Streamline 203(k) Include:

  • Appliance Purchases
  • Door and windows replacement
  • Roof replacement or repair

*Full and Streamline loans have separate loan amount caps and guidelines. Call your MWF rep for details.

 


* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.