Two Loans in One with Homestar Mortgage's FHA 203(k) Renovation and Home Loan

With Homestar Mortgage, you can take advantage of quick decisions and turnaround times. Our in-house 203(k) underwriter is an expert in this program.

How a 203(k) Can Help

• Remodel a kitchen or bath
• Add a family room or extra bedroom
• Make needed plumbing or electrical repairs
• Replace a leaky roof
• Make energy conservation improvements
• Improve handicap access

203(k) Benefits

• Finance 96.5% of the acquisition cost PLUS improvements
• 55% debt to income ratio
• Close within 45 days
• Streamline K's with 35K improvements
• Full 203(k) available

Eligible Properties

• Owner occupied
• Minimum of $5,000 in permanent, non-cosmetic repairs must be done to qualify.
• Property or foundation must have been in existence for at least one year.