If homebuyers are willing to look at older homes or damaged properties with aesthetic characteristics like paint color, hardware and floor coverings, they may discover a diamond in the rough! A Renovation Loan lets you buy in the neighborhood you want and gives you the money to upgrade the property how you want. FHA renovation loans are called 203(K) loans. How much money you want to borrow and the kinds of improvements you plan to make will determine which of the two 203(K) types you need.
ServiceOne Restoration is a certified 203(K) Contractor in the KC area and can assist the homeowner in working through the process.
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