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FHA 203K Renovation & Home Improvement Financing
for Purchasing or Refinancing your Home


203k lender in New York   203K Lender New York

FHA 203K Lender - New York - Barry Koven

Home Mortgage Consultant
Renovation Specialist
NMLSR # 404510

Barry Koven

Wells Fargo Home Mortgage

Contact Your 203k Lender

(718) 780-9103
email me  Barry.Koven@wellsfargo.com
website www.brooklynlending.com


Need an FHA 203k loan?


Talk to Barry Koven, Renovation Specialist, and understand your renovation financing options.

Benefit from resources a leading renovation loan originator can provide.


Call me for your mortgage consultation today.

(718) 780-9103




One “Totally Combined”
Home Loan


203K Specialist New York

This is an "All in One” combined loan not two separate loans.

The additional money you need or want for improvements or repairs are added to your purchase or refinance loan. You can add over $35k to your mortgage for larger projects which is a standard 203k loan and if it’s less than $35k worth of improvements or repairs then you can go with a 203k streamline.

And your “Totally Combined” Home Loan is based on the “After-Improvement/Repaired Value”        

 

  

General Answers to the FHA 203K LoanGeneral Answers About the 203k Loan...


What type of financing is it?
Think of the 203k as an all in one home loan for improving a property in almost any condition. One loan for buying or refinancing, while getting the money you need for improvements combined into one loan.

There are two types of 203k's
1) The “streamline” for improvements or repairs less than $35k which is then added to your base loan amount.

2) The “standard version” for improvements or repairs above $35k which is then added to your base loan amount.


Loan Requirements:
Property must be owner occupied, 1-4 unit properties


Appraisal:
A 203k appraisal is based on the future value after improvements

Down Payment:
3.5% of the total amount borrowed


Refinancing?
Only little equity is needed to avoid bringing cash to close


Rates:
Are just a little higher than home loans without additional funds for improvements


For more ANSWERS download our Free 203K Guide below.


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  • Our downloadable FHA 203K Guide is packed with information about the FHA 203K Loan. Find out what type of projects are eligible and which are not. What properties meet FHA requirements and more!

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Sign up today to find out what you need to know about the FHA 203K Loan and when you're ready to get started we're here for you every step of the way to help you finance that property.

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203k Loans New York

Barry Koven - is an FHA 203k Lender helping homebuyers, homeowners and real estate agents with their Renovation Loan financing throughout the New York cities below..

New York Manhattan Brooklyn
Albany Bronx Buffalo
Yorktown Heights Saratoga Springs Yonkers
Newburgh Scarsdale Forest Hills
Flushing Smithtown Wantagh
New Paltz Warwick Garden City
Latham New Rochelle Baldwin
Dix Hills Oneonta Larchmont
Kingston Nyack Great Neck
Staten Island Rochester White Plains
New City Syracuse Poughkeepsie Bayside
Clifton Park Middletown Huntington
Nanuet Monroe Melville
Goshen Binghamton Astoria
Long Beach Jericho Babylon
Massapequa Hauppauge Ithaca
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