Maximum Loan Amounts Per County * Items Needed for HUD Loan Application * 203K Highlights *

Top 10 Benefits of the 203(k) Rehab Mortgage

  1. Repair costs are rolled into your mortgage and done after closing, giving you one low mortgage payment, compared to conventional rehab financing methods.
  2. You can choose your own contractors to do the work.
  3. Entire down payment can be a gift.
  4. Less than 5% down for owner-occupants.
  5. Only 15% down for investors.
  6. Generous qualifying terms.
  7. Mortgages are assumable for no money down and 0 points.
  8. Up to 93% of new rental income is used to help you qualify.
  9. 45 to 60 days average processing time.
  10. No income limits, no limit on # of properties owned.

E-mail is welcome at mortgage@baygo.com


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