Purchase + Repair, In One Loan.

 

FHA 203 K Streamline Loan Program.

The 203(k) loan program offers borrowers the resources to rehabilitate a home that may be in need of repair. One single loan up to $410,000 is used to pay for the purchase of your primary residence and the cost of renovating the home. The cost of repairs must be at least $5,000, and can not exceed $35,000.

Eligible Properties:
- Primary Residence.
- Single family dwellings.
- Condominium.
- Townhouse.
- 1-4 Unit Buildings.

Allowable Repairs:
- Repair/replacement of decks, patios and porches.
- Elimination of health/safety hazards.
- Plumbing, heating air conditioning, and electrical upgrades.
- Roofing, tailing and carpeting.
- Energy conservation improvements, including windows and doors.
- Exterior and interior painting.
- Access for the disabled.

 

Repairs must be made by a licensed contractor. Call Luke for referals and see how you can take adventage of this program on your next project. 1 773 366 2840 or email
We are located at 2901 North Clybourn Avenue. Chicago , IL 60618 and would be happy to schedule a private consultation for you.