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Renovation Loan for Modernizing Home in Central Florida

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Renovation Loan for Modernizing Home in Central Florida

On behalf of a client who needed a loan-to-value ratio greater than 80%, we obtained a $275,000 government renovation loan through the Federal Housing Administration’s (FHA’s) Standard 203(k) rehabilitation mortgage program. The home, located in central Florida, had a lot of deferred maintenance. To modernize the entire home, the borrower used the funds to update the kitchen, bathroom, windows, and doors, and to move some interior walls.

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