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Fix up your fixer upper home with a Philadelphia Rehab Loan. 

Philadelphia Rehab Loan

If you have found the perfect home but it needs renovation, you can purchase the home and roll the costs of the renovation into a Philadelphia rehab loan.

An FHA 203(k) Loan, also called a Renovation Loan, allows buyers to finance the cost of the home and the renovation in one mortgage with a low rate.

The VA also offers a similar option for military and veterans to purchase a home and finance the required renovations to bring it up to standards set by the VA.

Rehab loans have similar qualification requirements to a standard FHA or VA loan, with additional documentation needed related to the renovation.

We have the following programs available:

  • One year income verification
  • Banks statements as income
  • No income verification
  • Asset only programs
  • Foreign nationals
  • Recent credit events

Have questions? Give us a call! One of our mortgage specialists would be happy to answer all of your Philadelphia rehab loan questions and get you started with a great low rate on your jumbo loan today!

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