Introducing FHA 203(k) Loans from PMA
Mortgage and Renovation Financing in One Loan!
Programs to fit buyersâ€™ needs from minimum $5,000 rehab amount up to $35,000 for Streamlined 203(k)
Have you found a home that would be perfect with a few renovations such as a new roof, bathroom or kitchen? Create the home you want with FHA 203(k) financing programs which provide cost-effective, single-close loan options that enable buyers to remodel a kitchen or bath, repair a roof or make other important improvements to an existing or newly purchased home that requires renovations*.
Financing based on the as-completed value of the home
FHA 30 Year Fixed Loans
For home purchases or refinances up to four units HUD and bank owned REO properties allowed Gifts from family toward down payment allowed Renovations must be done by licensed contractor Minimum 640 credit score
Call for all of the details!
Diane Malley, Mortgage Advisor NMLS #133470 cell: 610.733.5749 efax: 866.954.6054 firstname.lastname@example.org www.phillyadvisors.com Licensed mortgage banker PA, NJ, DE. NMLS #128570. *Minimum credit scores and loan limits apply. This is not a commitment to lend and not all applicants may qualify. Programs, rates, terms and conditions are subject to change without notice. Borrowers may use the loan to make any improvements that add value to the property and are permanently affixed. Most improvements and repairs are acceptable for financing; however, the following are ineligible in all cases: new detached living units, improvements intended for commercial/business use and non-permanent improvements.
Published on Dec 23, 2010