Explore our blog for insights on buying, financing, remodeling, and taking care of your home.
For some remodeling projects, a home buyer will need some serious help. For others, a lighter duty of assistance will suffice. Where do you draw the line?
By now you may have heard of the FHA 203k home improvement loan. If not, the basic gist of it is that you can buy a house (or refinance your current home) and finance renovations and repairs directly into the mortgage. You pay one house payment, which takes care of the principal of the house and the improvements you've had done all at once. That's the basic idea. Within this renovation financing option you have 2 directions you can take: Full 203k and the 203k Streamline.
Equal Housing Lender
A division of Union Home Mortgage Corporation
950 Trade Centre Way, Suite 400
Kalamazoo, MI 49002
NMLS ID #2229
This is not a commitment to lend. Not all borrowers will qualify; contact us for more information on fees and terms.
