Whether you’re dreaming of transforming your current home or you’ve found a fixer-upper with great potential, Smart Mortgage is here to help with our 203k Renovation Loan. We offer two tailored programs to suit your renovation needs: the Standard 203k and the Limited 203k. Let’s explore how these options can make your renovation dreams a reality.

The Standard 203k Program

The Standard 203k program is perfect for major repairs and extensive renovations. If your project requires significant investment over $35,000, this is the program for you. Here are some of the eligible improvements under the Standard 203k:

  • Structural alterations: Convert a single-family residence into a two-unit property.
  • Garage construction or rehabilitation: Build a new garage or repair an existing one.
  • Comprehensive remodels: Transform your kitchen or bathroom.
  • System repairs: Fix or upgrade plumbing, heating, electrical, and more.

With the Standard 203k program, you can undertake large-scale projects that not only enhance your living space but also increase your property’s value.

Apply today for the Smart 203k Renovation program (888)842-7272 or Apply Now.

The Limited 203k Program

If your renovation needs are more modest, the Limited 203k program is ideal for you. Designed for smaller projects, the Limited 203k program caps total costs at $35,000. Some of the eligible improvements include:

  • Kitchen and bath remodels: Refresh these essential spaces with new fixtures, cabinets, and countertops.
  • Aesthetic improvements: Upgrade flooring, paint, and other cosmetic enhancements.
  • Appliance updates: Purchase and install new appliances.
  • Roofing repairs and replacement: Ensure your home is well-protected from the elements.

The Limited 203k program is a cost-effective way to make impactful changes without undertaking extensive renovations.

Accessible Financing with a 580 Credit Score

Both the Standard and Limited 203k programs are accessible with a minimum credit score of 580. This flexibility allows more homeowners to take advantage of the renovation loans and improve their living spaces.

Why Choose Smart Mortgage?

  • Expert Guidance: Our team at Smart Mortgage is dedicated to helping you navigate the renovation loan process. We’ll guide you every step of the way, ensuring you make the best decisions for your project.
  • Flexible Options: Whether you need extensive repairs or just want to spruce up your home, our 203k programs offer the flexibility to meet your needs.
  • Increased Property Value: Renovations can significantly boost your property’s value, making it a wise investment for the future.

Ready to get started on your renovation journey? Contact Smart Mortgage today to learn more about our 203k Renovation Loan programs and how we can help you transform your home into the space you’ve always dreamed of.

Apply today for the Smart 203k Renovation program (888)842-7272 or Apply Now.

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