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 Why use the 203(k) Rehabilitation Loan?

Home > Overview > Why use the 203(k) Rehabilitation Loan?

Why use the 203(k) Rehabilitation Loan?

With a 203(k) loan, the borrower may simply obtain one mortgage at a long-term fixed rate to finance both the acquisition and the rehabilitation of the property.

The 203(k) loan provides the funds for the rehabilitation of the property on both purchases or refinances of the existing properties.

The 203(k) total loan amount is based on the projected value of the property with the work completed, including the cost of rehabilitation.

Why use the 203k rehabilitation loan?
 

203(k) Rehab Guide Quick Jump

203(k) Rehab Loan FAQs

 

Sun West Mortgage Company holds over 30 years of lending experience with a reputation of providing excellent customer service.

At Sun West, the complete loan cycle is processed in-house. From origination to underwriting and servicing, Sun West ensures you receive a simpler, faster, more direct borrowing experience with no back and forth intricacies. To see if you are pre-qualified or to obtain more information, call (866) 740 3677.

 
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