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Perry Farella
Perry Farella
(888) 280-5654
203K & Conventional Renovation Specialist
NMLS #755943
First Community Mortgage
Company NMLS #629700
Approving Loans Since 2002!
Hi I’m Perry, an FHA Loan & 203K Renovation Specialist! I Want to Hear From You! Let's 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 for Me to give you the Answers you are looking for personally. Call or e-mail Me, whichever way works best for YOU. Also Conventional HomeStyle, Choice and VA renovation loan options.
FHA 203K Renovation & Home Improvement Financing for Purchasing or Refinancing Your Home
Creating The Home You Love STARTS HERE!
Avoid getting your financing denied due to property conditions. Avoid any upfront property repair requirements
Improve your home Size
Improve your home Comfort
Improve your home Value
Combine your home improvement funds with your purchase or refinance loan to Renovate, Repair, Rehab, or Remodel your property all at the same time.
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!
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 to me, Perry Farella, your dedicated 203K Lender, for all the detailed information you need
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!
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.
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.
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.
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
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!
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.
"Contact me now, to accomplish your goals and plans. I look forward to hearing from you!"
Perry Farella
(888) 280-5654
Perry Farella is an FHA 203k Lender helping homebuyers, homeowners and real estate agents with their Renovation Loan financing throughout the Massachusetts cities below:
Boston
Worcester
Cambridge
Newton
Franklin
Plymouth
Framingham
Quincy
Springfield
Beverly
Brookline
Andover
Falmouth
North Attleboro
Fall River
Hopkinton
Barnstable
Braintree
Needham
Shrewsbury
Medford
Winchester
Easton
Acton
Brockton
Natick
Leominster
Waltham
Taunton
Lowell
Wellesley
Newburyport
Woburn
New Bedford
Methuen
Norwell
Lexington
Attleboro
Haverhill
Burlington
Arlington
Agawam
Sudbury
Chelmsford
Osterville
Westborough
Westwood
Marblehead
Somerville
Foxboro