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Samuel Borthwick

Your FHA 203K
Loan Expert!

Guiding Your Home Transformation Journey: Your Trusted FHA 203K Loan Expert for Seamless Buying and Renovation Success
Who is this mortgage loan for?
*subject to conditions
"Guaranteed Rate, Inc. has no affiliation with the US Department of Veterans Affairs. Conditions apply."
FEATURES & BENEFITS

Finally, The Home Of Your Dreams Is Within Reach!

The FHA 203K loan is primarily designed for individuals who want to purchase a home that needs significant renovations or for homeowners looking to make substantial improvements to their existing property.

Lower Down Payment

Requires a lower down payment compared to many conventional loans, making homeownership more accessible for a broader range of buyers.

No Single Loan Convenience

Combines the costs of purchasing and renovating a property into one mortgage, streamlining the financing process.

Accessible Interest Rates

Often features competitive interest rates, potentially saving borrowers money over the life of the loan.

No private mortgage insurance required

While specific requirements exist, the FHA 203K loan may be more lenient with credit scores compared to some conventional loans, providing flexibility for certain borrowers.

Savings, if any, vary based on the consumer’s credit profile, interest rate availability, and other factors. Contact Guaranteed Rate for current rates. Restrictions apply.

HOW IT WORKS

Learn more about 203K Loans

Unlocking the Potential: Dive Deeper into the World of 203K Loans

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Regional Manager
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Increased Reach

Help to increase brand awareness and generate leads from audience

Increased Reach

Help to increase brand awareness and generate leads from audience

Increased Reach

Help to increase brand awareness and generate leads from audience

HOW IT WORKS

How much will your loan cost?

Enter your loan pricing needs below and we’ll calculate your estimated loan payment.

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Your estimated monthly payment

$1,575.65

This result is just an estimate. For a more detailed report Schedule a complimentary consultation today.

This is not a commitment to lend. Consumers are advised to obtain a Loan Estimate. Rates are subject to change and are dependent on credit and underwriting criteria.

Your actual rate, payment and costs could be higher. Guaranteed Rate cannot predict where rates will be in the future. Sample rate provided for illustration purposes only and is not intended to provide mortgage or other financial advice specific to the circumstances of any individual and should not be relied upon in that regard. Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply, contact Guaranteed Rate for current rates and for more information. All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Guaranteed Rate does not guarantee the quality, accuracy, completeness or timelines of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error-free. Some information in the publication may have been provided by third parties and has not necessarily been verified by Guaranteed Rate. Guaranteed Rate, its affiliates and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action.

APPLICATION PROCESS

We Simplify The Process, So You Can Maximize Your Results

The application process for an FHA 203K loan is similar to that of a traditional mortgage but involves additional steps related to the renovation aspect. Here is an overview of the typical application process:

1

Find a FHA 203K-Approved Lender

Research and select a HUD-approved lender with experience in FHA 203K loans

2

Pre-approval

Complete a pre-approval process, providing necessary financial documentation, such as income verification, credit reports, and other relevant paperwork.

3

Property Appraisal & Application Submission

The lender conducts a property appraisal to assess its current value and estimate the after-renovation value.

Complete the standard mortgage application, including the FHA 203K loan application.

4

Loan Approval & Closing

Once all conditions are satisfied, the loan goes to closing. At closing, you sign the loan documents, and the funds are set aside in an escrow account for the renovation work.

Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply.

tESTIMONIALS

Know more about what people say about us

We’ve helped thousands of home buyers just like you. Find out what people are saying about the expert service they’ve found at USA Mortgage!

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Licensed Sales Assistant

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SCHEDULE CONSULTATION

Ready to apply for your VA Home Loan?

SCHEDULE CONSULTATION

Ready to apply for your FHA 203K Home Loan?

Getting approved for a FHA 203K Loan begins with taking a look at your unique situation and then building a roadmap to help get you to homeownership. Schedule a consultation today to start!

QUESTIONS & ANSWERS

We’re Here To Find You The Answers You Need

GET QUOTE

Want to learn more about FHA 203K Loans?

Starting your road to homeownership is literally a click away. Start today!

USA Mortgage sborthwick@usa-mortgage.com ChIJeZjwGGBvhVQRIjPReIoTmtg
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