Advantages and Disadvantages of FHA-203k-Rehab-Loan

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Pros And Cons of A 203K Rehab Loan Program
Drew Mortgage Associates, Inc.
Trusted Boston Mortgage Lender www.drewmortgage.c
om NMLS ID 2856
2
D R E W M O R T G A G E
A 203K Rehab Loan program is best suited for
individuals who are looking to rehabilitate/renova
te their home, yet, suffer from certain
limitations and constraints. To learn more, check
out the pros and cons of a 203K Rehab Loan right
here!
NMLS ID 2856
3
Pros of an FHA 203K Rehab Loan
D R E W M O R T G A G E

• Qualification is easy
• No current equity
• Covers a wide range of rehabilitation projects
• Lower interest rates
• Saves time and money
• Government insured

A 203K Rehab Loan program is best suited for
individuals who are looking to rehabilitate/renova
te their home, yet, suffer from certain
limitations and constraints. To learn more, check
out the pros and cons of a 203K Rehab Loan right
here!
NMLS ID 2856
4
Cons of an FHA 203K Rehab Loan
D R E W M O R T G A G E

• Your home needs to be at least one-year-old to be
  eligible for remodeling.
• Down payment is required
• Extra paperwork is required
• Additional fees are unavoidable
• The process of loan is a bit longer

A 203K Rehab Loan program is best suited for
individuals who are looking to rehabilitate/renova
te their home, yet, suffer from certain
limitations and constraints. To learn more, check
out the pros and cons of a 203K Rehab Loan right
here!
NMLS ID 2856
5
D R E W M O R T G A G E
If youre looking for a mortgage lender in MA,
Drew Mortgage Associates might be the perfect fit
to guide and assist you through the application
process for the FHA 203 Rehab Mortgage Program.
NMLS ID 2856
6
Drew Mortgage Associates, Inc.
Trusted Boston Mortgage Lender www.drewmortgage.c
om NMLS ID 2856