(301) 327-5803

Renovation Loans

Renovation Loans

FHA 203(k)

The Federal Housing Administration (FHA) offers loans specifically for renovation. FHA 203(k) funds a primary residence including repairs in one mortgage with a minimum down payment of 3.5%. There are two types of 203(k) loans:

  • Standard FHA 203(k)
    Allows borrowers the flexibility to finance major rehabilitation that costs a minimum of $5,000 up the county limit.
  • Streamline FHA 203(k)
    Provides financing for minor renovations and repairs up to $35,000 of your mortgage.

FNMA HomeStyle®

Fannie Mae (FNMA) HomeStyle® allows you to purchase and renovate a primary residence, second home or investment property* with a minimum down payment of 5% in a single mortgage up to the lending limit. HomeStyle® is a registered trademark of Fannie Mae.

For more information about this loan type or any others, please feel free to contact me at jhalbert@firsthome.com, or call (301) 327-5803.

Getting started is easy. We offer very competitive rates, have great service, and always close on time.

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Licensing

NMLS ID#: 71222

Equal Housing Lender

Contact Us

Jeffrey Halbert - First Home Mortgage
3240 Ferry Landing Road
Suite 201
Dunkirk, MD 20754

Phone:
(301) 327-5803

Fax:
(443) 725-9080

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This is not a commitment to lend. Terms and conditions of programs, products and services are subject to change. All loans are subject to credit approval and property appraisal. Certain restrictions may apply on all programs. First Home Mortgage Corporation of America, First Home Mortgage Services, and First Home Mortgage Company of Maryland are d/b/a's of First Home Mortgage Corporation. First Home Mortgage Corporation is licensed in Connecticut, Delaware, District of Columbia, Florida, Georgia, Indiana, Kentucky, Maine, Maryland, Massachusetts Mortgage Lender and Broker (Lic. #MC71603), Michigan, New Hampshire, Licensed by the New Jersey Department of Banking and Insurance, North Carolina, Pennsylvania, Rhode Island Licensed Lender and Broker, South Carolina, Tennessee, Vermont, Virginia, West Virginia. Equal Housing Lender. First Home Mortgage Corporation NMLS ID #71603 (www.nmlsconsumeraccess.org). Privacy Policy.