FHA Rehab Loan For Fixer Upper Houses

Leaky roof, broken steps, peeling paint. FHA rehab loan to the rescue!

Improve your fixer upper houses with FHA construction loans. Refinance or 3% down payment, the FHA home improvement loan is a handyman's secret.

You can find a deal on fixer upper houses. What a catch-22. No bank will approve the mortgage without repairs but you can't fix what's broken until you own it.

Solution? The FHA rehab loan.

9 Steps To FHA Construction Loans

1. Complete feasibility analysis with real estate agent
2. Make offer to seller subject to loan approval
3. Select an approved FHA 203k lender
4. Prepare cost estimate of repairs and improvements
5. Appraisal determines value after repairs and improvements
6. FHA home improvement loan is approved and closes
7. Remodeling and closing costs included in mortgage
8. Finance up to 6 months payments during construction
9. Contractor paid in intervals throughout construction

How To Locate FHA Refunds

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