Ryan M Nash Home Loans Elevation Mortgage
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Rehabilitation Loans


203K Standard

The FHA 203k is a renovation loan program that provides funds for both the purchase and renovation of a home. There are two types of an FHA 203k loan. The first is Full 203k, which is given for properties that need structural repairs, these include:
  • Structural alterations and additions to structure
  • Major remodeling
  • Foundation issues
  • Modernization and improvements to the home’s function
  • Elimination of health and safety hazards (electrical and plumbing upgrades)
  • Major landscape work and site improvement
  • Rebuilding a home that has or will be demolished, provided the foundation will remain intact 
And many more items can be included. 
Loan maximum is equal to the FHA county loan limit.
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203K Limited

The second is the 203K Limited renovation loan, which is given for non-structural repairs up to $30,000 such as:
  • Window and door replacement
  • Plumbing and electrical repairs
  • Minor remodeling
  • Replace appliances
And much, much more......

Home-Style

​Fannie Mae's conventional loan version of an FHA 203k renovation loan can help finance one or more major renovation projects. Some key features of this loan type are:
  • Renovation funding up to 50% of the homes post renovation appraised value
  • Lower Closing Costs
  • Can be used on a variety of property types such as 2nd homes and investment properties.
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License:

​NMLS #1493480
Company NMLS #2179191
Ryan M. Nash Home Loans​
Elevation Mortgage
Financed by Xpert Home Lending Inc.
7 E Bijou St Suite 217
Colorado Springs, CO 80903
Phone: ​(719) 629-7401
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  • Home
    • About | Ryan M Nash Home Loans
  • Mortgage Information
    • Home Loan Do's and Dont's >
      • First Time Home Buyers
      • Buying A Vacation Home
    • Credit >
      • How To Increase Your Score
    • Getting Pre-Qualified
  • Loan Options
    • Conventional Loans
    • FHA Loans
    • Jumbo Loans
    • VA Loans
    • Refinance Options >
      • Lower Your Payment
      • Pay Off Your Mortgage Faster
      • Debt Consolidation
      • VA Refinance
    • Rehabilitation Loans
    • Reverse Mortgage
    • Fixed vs Adjustable
  • Apply Now
  • Contact Us