FHA  203K For Primary Borrowers

1) 203(K) Standard Rehabilitation Loan No Limit Up-to Max Loan

2) 203(K) Limited Rehabilitation Loan
Limit: $35,000 or up to $50,000 in Opportunity

• Reserves will always be required
 • Max Loan Amount: 1Unit $621,000 - 2Unit $795,000 3Unit $960,950 –   4 Units $1,194,250
 • Financing Limit (LTV: Loan To Value) : 96.5% Primary
 • Intended Use: Primary Home (Purchase & Refinance)  ONLY
 • Property Type: PUDS, 1-4 Units, Manufactured Home, FHA Approved Condos, Mixed Use Properties Allowed if residential space is at least 51% and 4 or less Units.
 • Credit Score: Min 580 (500-579 90% LTV) BEST MIN SCORE 600-640

 • Key Points: Living costs for a rental while the home is being renovated allowed. Luxury Repairs like adding swimming pool not allowed. You may use a 203(k) standard mortgage to tear down a house and rebuild on the foundation. Seller Concession 6%. 75% of rental income used to help you qualify for 2-4 Units.  3-4 Units need 3 months of reserves.

 Call or email today or use the Form provided Below to request information. No Cost or obligation.


Great Florida Lending, Inc

¡No Solo Soy Especialista en Hipotecas Revertidas, Tambien Soy Un Cliente!!!

2828 Coral Way, Ste. 470
Miami, FL 33145