FHA 203K purchase loan

Get Pre-Qualified Today!!!

Can't Find The House You're Looking For? The 203k Loan Is A Great Way To Make Any House Your Dream Home.

Find Out Your eligibility TODAY...

A 203k purchase loan, backed by the Federal Housing Administration (FHA), is an ingenious financing solution for homebuyers looking to purchase a fixer-upper. This loan rolls the cost of the home and the funds needed for renovations into a single mortgage. There are two types of 203k loans: standard, which is best for properties needing extensive repairs, and limited (or streamline), ideal for homes that require less extensive improvements. While a 203k loan follows similar qualification guidelines to a regular FHA loan, it additionally requires a detailed proposal of the renovations. With its lower down payment requirements and inclusion of renovation costs, a 203k purchase loan can transform a property with potential into your dream home. Explore the possibilities with a 203k purchase loan today, and bring your vision to life.

Begin the home buying journey on the right foot by securing a clear mortgage plan. Having a solid financial strategy in place will ensure that your home search is guided by practical considerations, rather than emotions alone.

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Getting pre-approved for a home loan is the crucial first step in your home buying journey. Here's why:

  • Know your budget - Pre-approval gives you an idea of what you can afford, allowing you to make informed decisions when shopping for a home.

  • Be a competitive buyer - Having a pre-approval letter shows sellers that you're a serious and committed buyer, making you stand out in a crowded market.

  • Streamline the process - The pre-approval process helps you identify potential roadblocks early on, allowing you to address them before finding the home of your dreams.

  • Negotiate with confidence - Knowing that you have financing secured gives you the confidence to negotiate the best terms and price for your new home.

Travis Egan, VA Mortgage Vet

NMLS # 655284

2031 Wilma Rudolph Blvd

Clarksville, TN 37040

(931) 208-6280

WE DON'T SLEEP UNTIL
THE MISSION IS COMPLETE

MISSIO SUPER OMNIA

Loan Factory

NMLS # 320841

2195 Tully Road

San Jose, CA 75254

(660) 333-3333

Loan Factory is an Equal Housing Lender. We fully comply with the Equal Credit Opportunity Act (ECOA) and all other federal regulations. All applicants applying for credit from Loan Factory will never be discouraged on the basis of race, color, religion, national origin, sex, military status, marital status, age, or because you get public assistance. All information we request is voluntary and will be kept confidential. For more information on the ECOA, please visit:

http://www.ftc.gov/bcp/conline/pubs/credit/ecoa.shtm


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