Can You REFINANCE with a FHA 203K Loan?

Can I Refinance with 203K?

203K Refinance?

The answer is unequivocally YES! Not only can you REFINANCE with FHA 203K financing, but (unlike traditional refinances) we use the AFTER REPAIR VALUE instead of the current value of your home.

That is HUGE! It opens up Renovation Refinances to a boat load of home owners who do not have the current value equity to use a traditional refinance to renovate.

Low 203K Rates!

Its no secret; interest rates are excellent right now. They are hovering near all time historical lows. However, they are VOLATILE, extremely volatile with large and quick moves several times a day. Interest rates moved over 4000 times last year alone. You need someone who knows the market, what causes the swings and has the ability to lock when the time is right.

Homeowners all across the nation are cashing in on this opportunity and lowering their monthly payment, fixing their adjustable rate mortgage, updating their dated kitchens and baths and even ADDING ON to make room for a new baby to join the family (or Great Dane if you are a dog person).

More Room to RENOVATE with 203K Loans!

Due to lower loan to values and declining property values they dont think they have the room pull the cash out and go to work. Stand corrected homeowners! Intro the FHA 203K for refinance!

Using after repair value gives you way more room to work with. While FHA 203K refinances do have a few caveats (upside down borrowers need not apply) for the most part they will present an opportunity for you do your needed renovations, add more square footage and just do a general gussying up of your house.

Want to know more? Contact us today and well discuss all the details of how the loan works! Don’t hesitate though, rates move quick and you need to move quicker to take advantage. These low rates will NOT last forever, in fact they may be gone TOMORROW.

APPLY NOW for Your FHA 203K Loan!

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