What is a 203K Full Renovation Mortgage?

Designed for larger projects, a 203K Full (Standard) Renovation Loan allows the repair of structural issues, alterations, and other types of major renovations. This full version is required if the renovation will include over $35,000.00 in total costs associated with the rehab or structural work that is being completed, such as a room addition. A 203K HUD Consultant is needed when using the full version of the FHA 203K loan.

The 203K requires a down payment of 3.5% of the purchase price plus total repair cost. This applies to both streamline and full 203k with a FHA 203K Loan, the maximum loan amount you can borrow is the same max county limit as all other FHA Loans. Ask

your Renovation Loan Specialist

203K Streamline

Homestyle

VA Renovation

RAY TROLAN

Branch Manager
Renovation Loan Specialist

NMLS 459769

CALL TOLL FREE |  877-503-203K

OFFICE | 302-945-0561  or  302-945-1109

26505 Victorias Landing Rd Unit 3,

Millsboro, DE 19966

JGW HL NMLS #2925


© 2018  J.G. Wentworth Home Lending, LLC, 3350 Commission Court, Woodbridge, VA 22192, NMLS ID #2925 (www.nmlsconsumeraccess.org.) J.G. Wentworth Home Lending, LLC is an approved lender, not an agency of the Federal Government, nor acting on behalf of or at the direction of the Federal Government. This is not a commitment to lend.  All loans are subject to credit approval and appraisal requirements.  We do not provide legal, tax or investment advice.  J.G. Wentworth Home Lending, LLC does not offer mortgage products in all states. For a complete list of J.G. Wentworth Home Lending Licenses and Disclosures go to: https://www.jgwentworth.com/licensing-information. J.G. Wentworth Home Lending, LLC is a subsidiary of The J.G. Wentworth Company®. Equal housing lender. All mortgage loans are offered through J.G. Wentworth Home Lending, LLC.

 

Mortgage loans are offered through our affiliated lender J.G. Wentworth Home Lending, LLC, 3350 Commission Court, Woodbridge, VA 22192,
NMLS ID #2925 (www.nmlsconsumeraccess.org.)

 

The examples and pictures shown above are for illustration purposes of the loan types featured.