FHA 203(K) REHAB Loans

Supreme Lending Houston offers an FHA 30-Year Fixed Rate 203(k) Rehabilitation Loan Program that lets you make your dream home a reality. Rehab loans allow you to improve your current home or buy a home that needs updates or repairs. With this program, you can purchase a new home or refinance your existing one, as well as renovate it through a single mortgage, rather than applying for multiple different loans.

 

Program Features 

  • All borrowers must have a credit score of at least 620
  • Maximum 55% DTI for credit scores >680
  • Maximum 50% DTI for credit scores 640-679
  • Maximum 43% DTI for credit scores 620-639
  • FHA 203(K) consultant required
  • No funds disbursed ahead of time
  • Up to 5 disbursements allowed
  • No max rehabilitation escrow amount
  • Funds are disbursed to contractors as work is completed and inspected
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NOT A GUARANTEE, OFFER OR AGREEMENT. EVERETT FINANCIAL, INC. D/B/A SUPREME LENDING NMLS ID #2129 (www.nmlsconsumeraccess.org) 14801 Quorum Dr., #300, Dallas, TX 75254. 877-350-5225. © 2017. Information, rates, & programs are subject to change without prior notice. Subject to credit & property approval. Not affiliated with any government agency. Intended for Texas Consumers Only. Texas- SML Mortgage Banker Registration Residential Mortgage Loan Originator.