BLOWNMORTGAGE.COM LENDER HOTLINE: 888-581-5008 If you can’t afford a house that’s considered “move-in ready” or you would just rather buy a home that needs a little TLC and you like doing the work yourself, you’re going to need a loan that provides you with the funds to do just that. 203K Rehab Loan The 203K loan is an amazing way to finance a home and get funds for renovating. The 203K loan offers financing options for both funding a house as well as funding renovating projects. Calculating Renovation and Upgrade Costs In order for a lender to provide adequate funding, you will need to figure the cost of the renovations and upgrades before you apply for the loan. This is usually done by a certified contractor, whom you can find through the lender. ALLOWED UPGRADES AND RENOVATIONS *Structural Changes *Any change that eliminates any kind of hazard *Plumbing upgrades *Roof repairs and replacements *Floor repairs and replacements *Any energy saving upgrades The 203K loan program has helped thousands of Americans and it can help you become a homeowner too. Without having to purchase an expensive home that would be too pricey the 203K loan is the best way to get into a home and upgrade it to make it your own.