203K Consulting Services

A Flexible Home Loan With Your Needs in Mind

certifiedconsultant_magnetThe 203K home loan program is an exciting opportunity for home owners and buyers alike, and is backed by the US Government under HUD. This little known program offers consumers greater flexibility and choice in their home loan options. The program allows you, the consumer, to combine a home loan with both, the purchase price of the property, and any renovation costs needed or desired, to bring the home up in value and/or into a desired livable condition.

The 203K loan is not only for depressed neighborhoods . Although it functions well in these neighborhoods, the 203K loan can be used on most any home, in most any neighborhood. You can even move an existing home to a new property that has an existing foundation! Qualifying for the loan might require as little as a 630 credit score, depending on the lender.

Two types of 203K loans exist. The Streamlined or Limited 203K, and The Standard 203K.

  • The Streamline or Limited Program may only be used for minor remodeling and non-structural repairs. The Limited 203(k) does not require the use of a 203(k) Consultant, but a Consultant is advised to service, guide, and streamline the process. The total rehabilitation cost must not exceed $35,000 with $0 minimum.
  • The Standard 203K Mortgage may be used for remodeling and repairs. This requires a minimum repair cost of $5,000 – $100,000+, to make needed repairs and desired upgrades. (An FHA, 203(k) Consultant is required.)


before & after 203k

Refinance your existing loan with a 203K loan


Include those much needed home repairs such as a new roof, HVAC system, electrical systems and even remodeling like an updated kitchen or bathroom.

EEM or Emergency Efficient Mortgages can also be combined with your 203K mortgage, allowing you to add insulation, upgrades to windows and doors, use of solar water heaters and other energy efficient add-on’s; all to make your home more comfortable and less expensive to operate.



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Are you a teacher, firefighter, policeman or other service related field? There is a 203K program designed to allow you to purchase of a home for 50% off the listed price. It’s called the Good Neighbor Next Door Program, (GNDP). See this link for details.

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