FHA 203 K Loan Consulting
Florida residents with a FHA 203K Loan in allows you to borrow money, by only utilizing one loan, for both a home sale and home renovation. With 203k loans being guaranteed by the FHA, lends take a lesser risk. Because of this, it’s easier for Florida residents to get approved.
WHAT CAN YOU USE A 203K LOAN FOR?
Neal Development Group you will be able to borrow enough money to ensure the purchase of a house AND any necessary home renovations in one loan. With the FHA (Federal Housing Administration) involved, most lenders are more than willing to move forward with a house they other wouldn’t be involved with in most cases.
A 203K loan can also be used for temporary housing. In specific cases, you can borrow up to 6 months of rent while your home is under reconstruction.
You’re able to borrow enough to fund 110 percent of the house’s projected value after th improvements are made. advancement. Get the house of your dreams.
Punctual, certified, insured and reliable 203k Contractors. Rehab the home of your dreams today!
We are an experienced and licensed 203K firm. Our company is not only qualified in inspections but also qualified as a 203K advisor. Let us help you with your new home projects.