FHA 203k fix up loan in MN

Found that dream home… but it needs a little work? Is it a fixer-upper?

The purchase of a house that needs repair is often a catch-22 situation, because the bank won’t lend the money to buy the house until the repairs are complete, and the repairs can’t be done until the house has been purchased.

The FHA 203(k) program can help you with the purchase or refinance of a property by allowing you to roll-in the costs of repairs and improvements up to 110% of the after improved value of the home with a minimum 3.5% down payment.

Download 203k handbook

 Who does 203k loans in MN?

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