Buyers (Purchase)
Include the costs of upgrades into the original loan, and put as little as 3.5% down.
Homeowners (Refinance)
Remodel your home, or simply and add energy efficient improvements.
Real Estate Agents (Learn)
Learn how to help your buyers and sellers expand their opportunities.
Why Use A 203k Loan?
- 3.5% Downpayment
- Finance Upgrades
- $35,000 For Remodeling
- Lower Rates
- Easier Qualifying
- Buy "Fixer-Uppers"
- Increased Values
- Get What You Want
- Discounted Listings
- Energy Efficient
Photo Credit: Dallas 203k Loans
There is a big difference between Saying you're the Trusted Resource for Pittsburgh Renovation Lending, and actually Proving it.
RehabLoanNetwork.com is a national expert network of 203k lenders who specialize in Pittsburgh rehab loan programs that provide homebuyers special financing options for fixing up properties.
By organizing a dedicated group of qualified Rehab Lenders, 203k Consultants, Contractors and Real Estate Agents in one centralized community, we can better serve our local clients, transaction partners and the Pittsburgh real estate market by providing our members with:
- Extensive Training on guidelines, underwriting & processing systems
- Breaking News on important updates that relate to lending portals
- Networking with other Renovation Lending Experts
- Coaching to improve service, communication and efficiency
- Accountability to ensure the integrity of our network
We believe that with the proper education and community involvement, the FHA 203k loan program can stabilize the Pittsburgh real estate market and create employment opportunities for the construction industry.
FHA 203k Loans Have Many Benefits
FHA 203k loans allow buyers to purchase Pittsburgh, PA foreclosures and short sales that are sitting vacant due to any rehab work needed to make the property move-in ready.
In addition to minor cosmetic upgrades, this loan can be used to completely remodel most 1-4 unit dwellings, and borrowers can even finance in up to 6 month's (principal, interest, tax and insurance) payments to avoid having to worry about additional housing costs while the property is being renovated.
Established by the Department of Housing and Urban Development (HUD) in a 1978 official amendment to Section 203(k) of the National Housing Act (NHA), this mortgage program was intended to serve as important tool for community and neighborhood revitalization, and for expanding homeownership opportunities.
Bottom line, this program helps preserve neighborhood real estate values, as well as creates employment opportunities for local contractors.
As long as you have an experienced team of 203k lenders, consultants and contractors working for you, a rehab loan is an option you may want to explore.
Speak With Home Renovation Expert Today
We'd be happy to answer your questions or analyze your scenario. CLICK HERE to submit your question online, or call us at 877-598-2897 to speak with one of our approved Renovation Lending Experts.
We Are Not The Government.
RehabLoanNetwork.com is an expert network of 203k lenders, contractors, consultants and real estate agents. This website is meant for informational purposes only.