Rehab Loans on Fixers Available in Berkeley

Purchase and Rehab All in One FHA Loan!

Your clients love the house. Except for the leaky pipes. Or the holes in the wall. Or maybe the kitchen is too small. For the house that's almost perfect, we have the perfect solution. Our Renovation Mortgage, a mortgage and home improvement loan all in one.

• Remodel the kitchen or bath
• Replace a leaky roof
• Update electrical wiring, plumbing, or heating systems
• Put in new flooring, carpeting, or tiling
• Plus much more!

This program offers the unique features that make FHA loans excellent financing solutions in today's market.

• Purchase or refinance
• FHA adown payment (3.5%)
• Flexible credit qualifying

Trust a 203k specialist to handle this complex mortgage!

Brad Stoddard from Prospect Mortgage reminded me of a great FHA Loan product that is available for rehab projects. The interest rates are somewhat higher, but at fixer prices, it can be worth it to secure the property and then refinance after the work has been completed.

Brad Stoddard (510) 316-7495 brad.stoddard@prospectmtg.com