Thinking about buying a house or remodeling your current home? Talk with our professional Grand Rapids mortgage specialists about the options available with an FHA home improvement loan — also known as a 203K Construction loan. This loan program works well in today’s market but few individuals actually understand the benefits it offers.
This specialized loan allows you to buy a house and fix it up without using money out of your pocket — basing the loan amount on the future value after the improvements have been completed.
The 203K construction loan is the government’s primary program for the rehabilitation and repair of single-family properties. As such, it is an important tool for community and neighborhood revitalization and for expanding homeownership opportunities.
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