FHA 203k Loans

• 3.50% Down Payment
• Streamline 203k Loan
• Use for Cosmetic and Common Repairs up to $35,000
• Standard 203k Loan
• Use for Extensive Repairs Over $5,000
• 620 Minimum Credit Score
• Down Payment Can be Gifted
• 1.75% Upfront Mortgage Insurance Premium
• Financed into Loan Amount
• 0.55% Monthly Mortgage Insurance
• Remains for Life of Loan (if Down Payment is < 10%)
• $472,030 Maximum Loan Amount (Jefferson County)