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.
Guidance & Documents
- Borrower Identity of Interest Certification
- Borrowers Acknowledgement HUD 92700-a
- Consultant Borrower Fee Agreement
- Consultant Certification Letter
- Consultant Identity of Interest Certification
- Contractor Profile
- Contractor Questionnaire
- Contractor W9
- Contractor's Guide
- Contractors Acknowledgement
- Contractors Identity of Interest Certification
- Credit Score Overlay Matrix
- Homeowner-Contractor Agreement
- Homeowner-Contractor Certification
- Maximum Mortgage Worksheet
- Mortgage Payment Disclosure
- Product Guidelines
- Renovation Comparison
- Submission Guide
- FHA 203(k) Quick Guide