Our 203K Loan Rates are low, coupled with a swift and straightforward process
FHA 203K loan is supported by the federal government and given to people who want to buy a damaged or older home and renovate it. Here’s how it works: For instance, if you want to purchase a home that requires some upgrade. An FHA 203K lender is the appropriate personnel to loan you the money to buy (or refinance) the house plus the money to do the necessary upgrading to the kitchen and bathroom.
Most times, the loan also include 1) up to 20% “contingency reserve” so that you will have enough funds to complete the furnishing in case it ends up costing more than the estimates budget /or 2) a provision that gives you up to about six months of mortgage payments so you can reside somewhere else while you are renovating, however, you will still pay the mortgage payments on the new home
Axiom Home Loan is here to make your home loan process very easy with technical advancement and proficiency that will guide you throughout your loan process. Starting with our FREE 203K Loan eligibility process.
We’re here to make the 203K home loan process a whole lot easier, with tools and expertise that will help guide you along the way, starting with our FREE Qualifier. With total transparency, we will enable you to compare loan options, allowing you to choose the best one for you – whether you’re a first-time homebuyer or a seasoned real estate investor.
Here’s how our home loan process works:
- Check your eligibility (puzzle button)
- Get refinancing options based on your request and criteria.
- Compare mortgage interest, terms and conditions.
- Choose the appropriate offer that is perfect for your needs
Why a 203K Loan?
The main advantage of these loans is that they provide you with the opportunity to purchase a home that needs a few upgrades in case you can’t afford a well-furnished one. Amazingly, the down payment requirements are minimal and often has decent interest rates.
203K Loan Qualifier!
- Fixed Rates
- Adjustable Rates (ARM)
- Minimal Down Payments
- Terms from 5 to 30 Years