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.

Universal Lending Corporation 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.

Universal Lending Corporation routinely works with HUD to increase home ownership opportunities for families, and we believe everyone deserves a chance at home ownership.

To discuss your mortgage needs and learn more about your mortgage options for rehabilitating homes, please call Universal Lending Corporation at 303-815-6655 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

 

UNIVERSAL LENDING CORP

6775 E. Evans Ave

Direct: 303-815-6655

Denver, CO 80224

FAX: 720-367-5492

mpennington@ulc.com

NMLS 772290

CO License #100036910     |     Company NMLS #2996

Licensing Disclosure - NMLS Consumer Access Site
Regulated by The Division of Real Estate
Equal Housing Opportunity




Call Now at

303-815-6655