Product Highlights
Whether your borrower is purchasing a “Fixer-Upper,” or refinancing a home and wants to remodel, 203(k) financing is a great choice!
The 203(k) Limited option allows for minor renovations of less than $35,000. If the upgrades are more extensive and will cost more than $35,000, then the 203(k) Standard would be the option of choice. 1-4 Unit, Condos, PUDs, and Manufactured Housing are all acceptable property types.