Specialty Loans
FHA 203(k) Rehab Loans
FHA 203(k) Rehab Loans
Create the home of your dreams with the FHA 30-Year Fixed-Rate 203(k) Rehabilitation Loan Program. 203(k) FHA Rehab loans help you improve your existing home or even buy a home that’s in need of updates or repairs. With FHA 203(k) Rehab loans, you can finance both the purchase or refinance along with the renovation of your home through a single mortgage, instead of applying for multiple loans. So, when you’re ready to update your home or buy one that needs improvements, contact Supreme Lending Dallas so we can help you apply for a FHA 203(k) Rehabilitation loan and simplify the process.
✔ Minimum credit score is 620 for all borrowers
✔ Maximum 55% DTI for credit scores >680
✔ Maximum 50% DTI for credit scores 640-679
✔ Maximum 43% DTI for credit scores 620-639
✔ An FHA 203(k) loan consultant is required
✔ No funds are disbursed in advance
✔ Up to 5 disbursements can be made
✔ No maximum rehabilitation escrow amount
✔ Funds are disbursed to the contactor as work is completed and inspected
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NOT A GUARANTEE, OFFER OR AGREEMENT. EVERETT FINANCIAL, INC. D/B/A SUPREME LENDING NMLS ID #2129 (www.nmlsconsumeraccess.org) 14801 Quorum Dr., #300, Dallas, TX 75254. 877-350-5225. © 2024. Information, rates, & programs are subject to change without prior notice. Subject to credit & property approval. Not affiliated with any government agency. Intended for Texas Consumers Only. Texas- SML Mortgage Banker Registration Residential Mortgage Loan Originator.
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