Renovation
FHA 203k Loan
Section 203(k) enables homebuyers and homeowners to finance the purchase of a house and the cost of its rehabilitation through a single mortgage or to finance the rehabilitation of their existing home.
Features:
- 3.5% down payment
- Limited 203K Program available for less extensive repairs
- Down payments can be gifted
HomeStyle® Renovation Mortgage
The HomeStyle® Renovation (HSR) mortgage permits borrowers to include financing for home improvements on a purchase or refinance transaction of an existing home.
Features:
- Cost-effective way to renovate or improve your home
- Single mortgage means lower closing costs and typically lower interest rates
- Borrowers can qualify for combined loan to value (CLTV) of up to 105%
Contact Us Today!
Fairway Independent Mortgage Corporation NMLS #2289 www.nmlsconsumeraccess.org
Andrew W. Reid, NMLS #420400
2825 Eastlake Ave E, Suite 210 Seattle, WA 98102 Toll Free: 855-7FAIRWAY Direct: 425-890-0888 Fax: 866-715-2733
fairwayseattle@fairwaymc.com
©2023 Fairway Independent Mortgage Corporation