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RHODE ISLAND
203K Mortgage Lender
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Talk to an FHA Loan & 203K Renovation Specialist! They are ready to Hear From You! To Talk About Your Purchase or Refinance.
Let's talk about, How to Qualify, 203k Loan Requirements, & Other Questions you may have. Your Situation is Unique which is Why it’s Best to talk to a 203K Loan Specialist directly to give you the Answers you are looking for personally. Call or e-mail, whichever way works best for YOU.
Looking for an FHA Loan? Why not make it an FHA 203K?
FHA 203K Renovation & Home Improvement Financing for Purchasing or Refinancing Your Home
Creating The Home You Love STARTS HERE!
203K Purchase
Avoid Common Financing Roadblocks
Avoid getting your financing denied due to property conditions. Avoid any upfront property repair requirements
203K Refinance
Improvements are Made After Closing
Improve your home Size
Improve your home Comfort
Improve your home Value
203K All In One Loan!
Finance Plus Improvements!
Combine your home improvement funds with your purchase or refinance loan to Renovate, Repair, Rehab, or Remodel your property all at the same time.
Types of Sales & 203K Eligible Properties:
Regular Standard Listing, Foreclosure, HUD Repos, REO, For sale by Owner, as well as other sales, plus it can be used to refinance. 203K Eligible properties include Single Family, 2 to 4 units, Condos, Townhomes, and even mixed use.
A Home Owners Guide to the FHA 203K Loan
Get The 203k Loan Info You Need!
FREE DOWNLOAD!
FHA 203K Questions You May Have
Ready to unravel the FHA 203K loan? Let's start by covering the basics first. For more tailored, in-depth answers specific to your situation, feel free to reach out for all the detailed information you need.
What is an FHA 203k Loan?
An FHA 203k loan is a Federally Insured Loan designed to help home buyers purchase a property that needs renovation or refinance an existing home with the goal of making repairs and improvements. It's the financing tool for your home transformation!
How to Qualify for an FHA 203k Loan in Rhode Island?
Qualifying for a 203k loan is easy, whether you’re Buying or Refinancing. This type of home improvement loan is just like any other type of home loan except you’ll also get the additional funds needed for all your Repairs, Renovations or Rehab.
Who is Eligible to Qualify for a 203k Loan?
Whether you’re a First-Time Homebuyer, previously Owned a home or currently a Homeowner, you are eligible to qualify for a 203k Loan as long as you plan to occupy the property.
Who is a 203k Loan For?
The FHA 203K Loan is a great option for those looking to add home improvement funds to their purchase or refinance loan, with the advantage of a minimal down payment or equity.
Why a 203k Loan?
This All-in-One Loan allows a broader scope of properties for you to choose from. You can pick up a fixer upper or an outdated property and fix it up the way you want. With other types of financing, property conditions could cause a dilemma requiring these issues to be resolved before closing your loan. That can slow down or stop your transaction from closing. With the 203k you will avoid those property condition hurdles
How Does an FHA 203K Work?
Unlike other loans, the 203K Loan approval is based on the FUTURE Value of the home (after improvements), rather than the current value. This unique feature allows home buyers to finance improvements with a minimal down payment and for current property owners, allows to refinance with minimum equity as well.
Once the loan closes the home improvements begin. Funds are disbursed as scheduled and the end results is a property that you envisioned and love!
How To Start Your 203K Loan?
To get started, you'll need to contact your 203K Specialist and provide them with preliminary info about yourself, your property, and the renovations you’d like to accomplish.
Get quick Answers to your FHA 203K Loan Questions!
"Contact 203K Lender, to accomplish your goals and plans. Looking forward to hearing from you!"
203K Lender
(888) 238-8480
Helping homebuyers, homeowners and real estate agents with their Renovation Loan financing throughout the Rhode Island cities below:
Providence
Warwick
Cranston
Newport
Westerly
East Greenwich
Bristol
Pawtucket
Coventry
East Providence
Barrington
Smithfield
Cumberland
Narragansett
North Kingstown
Lincoln
North Providence
Middletown
South Kingstown
West Warwick
Johnston
Woonsocket
North Smithfield
Charlestown
Warren
Scituate
Wakefield
West Greenwich
Portsmouth
Hopkinton
West Kingston
Ashaway
Central Falls
North Scituate
Tiverton
Little Compton
Watch Hill
Burrillville
Misquamicut
Kingston
Glocester
Greene
Prudence Island
Darlington
Richmond
Matunuck
Greenville
Forestdale
Bonnet Shores
Saunderstown