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Quick application
With Millennial Home Loans quick online loan application, determining if you qualify for an FHA 203k Renovation Loan and for how much, has never been easier.
Talk to a FHA 203k Renovation Mortgage Expert
Not ready to apply online? No problem. Answer a few questions, and a FHA 203k Renovation Home Loan Mortgage Expert will call you back.
FHA 203k Renovation Loans.
3.50% Down, 6% Seller Closing Credit Allowed
Flexible credit score requirements, with credit scores down to 580
Transaction Information
| Repair Reserve | |
| Draw Inspection & Title Update (up to 2 inspections without 203(k) Consultant, up to 5 inspections with 203(k) Consultant) | |
| 203(k) Consultant Required (required if total budget is over $35,000 or structural damage/moving walls is checked "Yes") | |
| 203(k) Consultant Fees | |
| Subtotal | |
| 203(k) Supplemental Origination Fee | |
| Total Rehabilitation Budget |
| Combined Purchase Price & Rehab | |
| Down Payment | |
| Base Loan Amount | |
| 1.75% Upfront MIP | |
| Total Financed Loan |
| Principal & Interest | |
| Monthly MIP | |
| Monthly Taxes | |
| Monthly Hazard Insurance | |
| Mortgage Payment |
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
