What Type Of 203k Loan Will Benefit You The Most?
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What Type of 203k Loan Will Benefit You The Most? - PowerPoint PPT Presentation

A 203K Loan supports repairs and/or renovation costs along with the property cost under one loan scheme. Find out here what the key differences are between and Streamline 203K Loan and a Standard 203K Loan.

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What Type of 203k Loan Will Benefit You The Most?

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What Type Of 203k Loan Will Benefit You The Most?

NMLS ID 2856

FHA 203K home loan program is intended for those borrowers who wish to cover both the purchase and renovation costs under one program. The primary focus of this program is revitalization and home improvement.

Depending on the requirement of the borrower and the kind of repairs the home needs, these loans are classified under 2 categories:

  • Streamline 203K Loan

  • Standard 203K Loan

NMLS ID 2856

The bottom-line is that both types of loans have a different set of requirements and benefits. Drew Mortgage Associates, Boston’s top mortgage dealers are experts in helping applicants select appropriate loans for their situations and helping them qualify for it.

NMLS ID 2856

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Drew Mortgage Associates, Inc

196 Boston Turnpike Road Shrewsbury, MA 01545

Phone: 508-753-1656 | Toll Free: 877-949-3739

Fax: 508-756-3646


NMLS ID 2856

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NMLS ID 2856

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