
Top 10 Benefits of the 203(k) Rehab Mortgage
- Repair costs are rolled into your mortgage and done after closing, giving you one low
mortgage payment, compared to conventional rehab financing methods.
- You can choose your own contractors to do the work.
- Entire down payment can be a gift.
- Less than 5% down for owner-occupants.
- Only 15% down for investors.
- Generous qualifying terms.
- Mortgages are assumable for no money down and 0 points.
- Up to 93% of new rental income is used to help you qualify.
- 45 to 60 days average processing time.
- No income limits, no limit on # of properties owned.
E-mail is welcome at mortgage@baygo.com
K Mortgage Corp. home page.