Rehabilitation

REHABILITATION LOANS AVAILABLE FOR LOWER INCOME FAMILIES

Are you considering rehabilitating an older home in need of substantial repair or modernization? If so, the HUD 203(k) program may be of interest to you. If the home is a one to four family dwelling or an approved unit in a condominium project located in a lower income community, you may be able to apply for and receive a mortgage to purchase and rehabilitate the property.

Your HUD 203(k) rehabilitation mortgage loan is a long-term fixed or adjustable rate, and provides funds for the property’s rehabilitation and acquisition. The mortgage amount is based on the projected value of the property with the work completed, taking into account the cost of the work. The mortgage loan is eligible for endorsement by HUD as soon as the mortgage proceeds are disbursed and a rehabilitation escrow account is established.

Supreme Lending has a great deal of experience in helping people to secure HUD 203(k) funding for the purchase of their new house, and the restoration and preservation of older homes. We are committed to lending lower income individuals and helping to reinvest in our communities.

To discuss your mortgage needs and learn more about your mortgage options for rehabilitating homes, please call Supreme Lending at 918-863-0002 or click here to email us and request more information.

Free Mortgage Quote

Fill out the form below or click HERE to receive your 100% free quote

 

Tulsa Office

1515 S Utica Suite 300

Tulsa, OK 74104

(918) 863-0002

FAX: (918) 863-0022

NMLS # 993175

 

 

Contacts

Alfredo Madrid- Branch Manager

NMLS # 266006

Alfredo.Madrid@supremelending.com

 

 

Marc Marroquin

NMLS # 144624

marc.marroquin@supremelending.com

Call Now at

918-863-0002