203K - Purchase or Refinance a Home in Need of Repairs
November 24, 2015 — 2 min read
FHA Streamlined 203K Loan
Not every home is move-in ready. Take advantage of PRM's FHA Streamlined 203K loan to purchase or refinance a home and the cost of repairs, all with one mortgage! FHA's Streamlined 203K program permits homebuyers to finance up to an additional $35,000 in remodel and upgrade items, plus another $8,000 in energy efficient items into their mortgage.
Access these additional funds to pay for property repairs or improvements such as:
- HVAC systems (heating, venting and air conditioning)
- Roofs, gutters and downspouts
- Minor kitchen and bath remodels
- Flooring: carpet, tile, wood, etc.
- Interior and exterior painting
- New windows and doors
- Weather stripping & insulation
- Energy efficient improvements
- Decks, patios, porches
- Basement completion and waterproofing
- Septic or well systems
- Plumbing and electrical
- Improvements for persons with disabilities
Don't let a home needing a little TLC impede a sale. A 203K loan can be the perfect way to purchase a home that is a little rough around the edges, allowing buyers an opportunity to build equity. Interested in learning more? View our buyer and realtor 203K checklist.
Contact us for details and loan requirements.
Categories
Archives
Recent Posts
- Pumpkin Spice & Property Price: The Difference Between Appreciation & Median Home Price
- A Home for Every Season: How to Match Clients with the Perfect Property
- From Leaves to Snow: Your Guide to Cold-Weather Home Maintenance
- Buying a Home as an Empty Nester: Tips and Tricks for Downsizing
- Preparing Financially for Parenthood and Homeownership
- The Significance of School Districts When Buying a Home
You bring the dream. We'll bring the diagram.
There’s a financing solution for just about every situation.
I felt like I was treated like family, great communication and helping me with any questions I had.

You bring the dream. We'll bring the diagram.
There’s a financing solution for just about every situation.
Where does your sun shine? Find your local advisor.
Enter your city or state to see advisors near you.
We’re growing. Grow with us.
Careers at PacRes reward excellence in mortgage banking.
Build a better tomorrow