The FHA 203k loan is a unique loan helping a growing number of Denver home buyers fund the purchase of a less-than-perfect a home in as-is condition, and fund renovation of the home after closing, with one loan.
Home buyer’s can even finance up to 6 months of mortgage payments into the loan to forgo payments during the renovation.
The loan is an important tool for realtors and home buyers and it is helping revitalize Denver neighborhoods, local communities, and the local Denver economy.
It is available for purchase renovations and refinance renovations, for both distressed and non-distressed properties, and the 3.5% down payment is based on the finished value of the property.
Here are the recent FHA 203k lender statistics for Denver as reported by HUD.
|Monthly Units||Fiscal Year Total|