203K Contractor – 203k Loans
Your home needs some work done, and conventional loans do not fit your needs. 203k loans are a great option for you.
What is a 203(k) Loan?
It is a mortgage loan that allows you to finance the cost of repairs, additions, improvements and renovations into one loan.
Where do I get a 203K loan?
You can get 203k loans from many different banks and mortgage companies.
We highly recommend – 
Chet Borger
Mortgage Consultant -203k, conventional, and much more
Cell: 763.245.4545
CBorger@UnitedFamilyMortgage.com
NMLS #332879
What type of projects qualify?
• Additions to your current home 
• Modernization of kitchen and bathrooms
• Repair/replace plumbing and/or electrical
• Upgrade heating and air conditioning
• New flooring, tile, carpet
• New appliances
• Replace siding and windows
• Basement remodel
• Handicap accessibility
• Repair/replace/add exterior deck, patio,
• New well and septic
• And more . . .
Who can do the work?
A licensed contractor needs to perform the work. They should also have their EPA Certified Renovator certificate if your home is pre-1978. We have both.
For more information on the challenges your contractor has to deal with on 203k loans – Click Here
Rehab a Home w/HUD’s 203(k)
Click here for HUD’s official rules and eligibility rules.
FHA 203(k) can also be used to purchase a home that may need repairs, or move an existing home onto a mortgaged property.
This is one loan with monthly payments beginning just like any other loan -
