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San Diego Mortgages — the Right Way

We’ll make your home purchase or refinance quick, easy, and hassle-free.
As a leader in home lending, we offer a streamlined mortgage application process to save you time and money. We work to make sure you get the right loan at the right rate, every time.

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How Do 203k Loans Work?

Learn about the process of purchasing a home with an FHA 203k Loan.

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Shopping For A 203k Lender

Learn the top three important questions to ask when shopping for a licensed FHA 203k lender.

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Shopping Mortgage Rates

Get the inside scoop on how rates work and make sure your lener is giving you the best interest rate.

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About

The 203k Loan Advantage

FHA 203k and other rehab home loans give buyers the advantage of shopping for a property based on location and affordability since many of their desired property upgrades and amenities can be added to the home within a short period after closing.

The reason why these types of home improvement loan programs are so popular with buyers is because they give homebuyers the ability to include the costs of renovating a property into one single mortgage at the time of purchase.

Available for both minor cosmetic or major structural home renovation work, FHA 203k Loans can be used when buying a home as well as for current homeowners through a refinance.

Benefits

Benefits Of Rehab Loans

Renovation loan program helps preserve or increase neighborhood real estate values, as well as create employment opportunities for 203k Contractors.

  • Finance Upgrades – Cosmetic and structural rehab work.
  • Flexible Underwriting – Standard FHA credit guidelines.
  • Get What You Want – Buy a property, turn it into a home.
  • Increased Values – Improve the re-sale value and save money.
  • Energy Efficient Upgrades – Save on utility expenses.
  • Low Down Payment – Finance up to 96.5% plus upgrades.
  • Perfect “Fixer-Upper” Loan – New paint, carpet, kitchen remodel… and the list goes on.
  • Discounted Listings – Get a better deal when buying a property that needs a little TLC.

The 203k rehabilitation mortgage program was intended to expand homeownership opportunities and affordability while revitalizing communities and neighborhoods by providing financing for properties that need renovation work to make them livable or sellable.

FHA’s primary goal is to help borrowers purchase a home they may not otherwise be able to finance based on the down payment requirements of most conventional loan programs. To further that goal, FHA offers favorable loan terms, higher loan limits, and flexible down payment options to qualified buyers.

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Benefits Of Rehab Loans

Renovation loan program helps preserve or increase neighborhood real estate values, as well as create employment opportunities for 203k Contractors.

The 203k rehabilitation mortgage program was intended to expand homeownership opportunities and affordability while revitalizing communities and neighborhoods by providing financing for properties that need renovation work to make them livable or sellable.

FHA’s primary goal is to help borrowers purchase a home they may not otherwise be able to finance based on the down payment requirements of most conventional loan programs. To further that goal, FHA offers favorable loan terms, higher loan limits, and flexible down payment options to qualified buyers.

Directory

Benefits Of Rehab Loans

Renovation loan program helps preserve or increase neighborhood real estate values, as well as create employment opportunities for 203k Contractors.

The 203k rehabilitation mortgage program was intended to expand homeownership opportunities and affordability while revitalizing communities and neighborhoods by providing financing for properties that need renovation work to make them livable or sellable.

FHA’s primary goal is to help borrowers purchase a home they may not otherwise be able to finance based on the down payment requirements of most conventional loan programs. To further that goal, FHA offers favorable loan terms, higher loan limits, and flexible down payment options to qualified buyers.

Talk With A Seasoned Rehab Loan Specialist

See which Renovation Mortgage Program your scenario or property may be eligible for.

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203k Lenders

855-532-3767

Popular Rehab Loan Programs

FHA Loans & Conventional Renovation Programs

Home Refinance

home improvement or better rates

203K Structural

adding rooms and knocking down walls

203k Streamline

carpets, paint and other cosmetic upgrades

FNMA Hom eStyle

home improvement or better rates

Energy Efficient

home improvement or better rates

FNMA HomePath

home improvement or better rates

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Rehab Loan Frequently Asked Questions

You can also call us directly at 855-982-9853 to speak with a licensed renovation lender.

How do I get approved for a rehab loan?

Most of the popular rehab mortgage loan programs follow basic pre-qaulification process similar to traditional home loans to determine a borrower’s eligibility, which is typically based on common factors including credit, income, employment and down payment.

The primary benefit of renovation mortgage programs, such as the FHA 203k loan, is that it allows a buyer to borrow the money to purchase the home and also finance any repairs that are needed and/or desired.

Since the amount of available renovation funds differ between the available rehab loan program according to appraised value, loan amount and the type of upgrades that are planned, the first step in getting pre-qualified for a renovation loan is to talk with a few licensed FHA 203k Lenders and ask them about their expeience with rehab loans.

Once you find a renovation lender that you can trust and feel confident with, your next step will be to complete a formal secure application which will give that lender permission to pull a copy of your credit history and match your lending scenario with a rehab loan program that best fits your downpayment and monthly budget goals.

How do I get approved for a rehab loan?

Most of the popular rehab mortgage loan programs follow basic pre-qaulification process similar to traditional home loans to determine a borrower’s eligibility, which is typically based on common factors including credit, income, employment and down payment.

The primary benefit of renovation mortgage programs, such as the FHA 203k loan, is that it allows a buyer to borrow the money to purchase the home and also finance any repairs that are needed and/or desired.

Since the amount of available renovation funds differ between the available rehab loan program according to appraised value, loan amount and the type of upgrades that are planned, the first step in getting pre-qualified for a renovation loan is to talk with a few licensed FHA 203k Lenders and ask them about their expeience with rehab loans.

Once you find a renovation lender that you can trust and feel confident with, your next step will be to complete a formal secure application which will give that lender permission to pull a copy of your credit history and match your lending scenario with a rehab loan program that best fits your downpayment and monthly budget goals.

How do I get approved for a rehab loan?

Most of the popular rehab mortgage loan programs follow basic pre-qaulification process similar to traditional home loans to determine a borrower’s eligibility, which is typically based on common factors including credit, income, employment and down payment.

The primary benefit of renovation mortgage programs, such as the FHA 203k loan, is that it allows a buyer to borrow the money to purchase the home and also finance any repairs that are needed and/or desired.

Since the amount of available renovation funds differ between the available rehab loan program according to appraised value, loan amount and the type of upgrades that are planned, the first step in getting pre-qualified for a renovation loan is to talk with a few licensed FHA 203k Lenders and ask them about their expeience with rehab loans.

Once you find a renovation lender that you can trust and feel confident with, your next step will be to complete a formal secure application which will give that lender permission to pull a copy of your credit history and match your lending scenario with a rehab loan program that best fits your downpayment and monthly budget goals.

Which Rehab Loan Is Right For You?

855-532-3767

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