Maine FHA 203K Loan on the Cheap!

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The Lowdown on a Maine FHA 203K Loan...
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The Lowdown on a Maine FHA 203K Loan...

Maine FHA 203K Home Loans
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Maine FHA 203K Home Loans

Our Maine FHA 203K Loan Rates Are Low & Our Process is Quick & PainlessLess
Our Maine FHA 203K Loan Rates Are Low & Our Process is Quick & Painless

A Maine FHA 203K loan is a loan backed by the federal government and given to buyers who want to buy a damaged or older home and do repairs on it. Here’s how it works: Let’s say you want to buy a home that needs a brand-new bathroom and kitchen. A Maine FHA 203K lender would then give you the money to buy (or refinance) the house plus the money to do the necessary renovations to the kitchen and bathroom.


Often the loan will also include: 1) an up to 20% “contingency reserve” so that you will have the funds to complete the remodel in the event it ends up costing more than the estimates suggested and/or 2) a provision that gives you up to about six months of mortgage payments so you can live elsewhere while you’re remodeling, but still pay the mortgage payments on the new home.


We’re here to make the Maine FHA 203K home loan process a whole lot easier, with tools and expertise that will help guide you along the way, starting with our FREE 203K Loan Qualifier.


We’ll help you clearly see differences between loan programs, allowing you to choose the right one for you – whether you’re a first-time home buyer or a seasoned investor.


A Maine FHA 203K loan is a loan backed by the federal government and given to buyers who want to buy a damaged or older home and do repairs on it. Here’s how it works: Let’s say you want to buy a home that needs a brand-new bathroom and kitchen. A Maine FHA 203K lender would then give you the money to buy (or refinance) the house plus the money to do the necessary renovations to the kitchen and bathroom.


Often the loan will also include: 1) an up to 20% “contingency reserve” so that you will have the funds to complete the remodel in the event it ends up costing more than the estimates suggested and/or 2) a provision that gives you up to about six months of mortgage payments so you can live elsewhere while you’re remodeling, but still pay the mortgage payments on the new home.


We’re here to make the Maine FHA 203K home loan process a whole lot easier, with tools and expertise that will help guide you along the way, starting with our FREE 203K Loan Qualifier.


We’ll help you clearly see differences between loan programs, allowing you to choose the right one for you – whether you’re a first-time home buyer or a seasoned investor.


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The Maine FHA 203K Loan ProcessLess

The Maine FHA 203K Loan Process

Here’s how our home loan process works:


  • Complete our simple 203K Loan Qualifier.

  • Receive options based on your unique criteria and scenario

  • Compare mortgage interest rates and terms

  • Choose the offer that best fits your needs

Here’s how our home loan process works:

  • Complete our simple 203K Loan Qualifier.

  • Receive options based on your unique criteria and scenario

  • Compare mortgage interest rates and terms

  • Choose the offer that best fits your needs

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Why a 203K Loan?
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Why a 203K Loan?

The main benefit of these loans is that they give you the ability to buy a home in need of repairs that you might not otherwise have been able to afford to buy. Plus, the down payment requirements are minimal, and often you get decent interest rates.


The main benefit of these loans is that they give you the ability to buy a home in need of repairs that you might not otherwise have been able to afford to buy. Plus, the down payment requirements are minimal, and often you get decent interest rates.


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203k LOAN QUALIFIER
  • Fixed Rates

  • Adjustable Rates (ARM)

  • Minimal Down Payments

  • Terms from 5 to 30 Years

  • Fixed Rates

  • Adjustable Rates (ARM)

  • Minimal Down Payments

  • Terms from 5 to 30 Years

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Get Your FREE 203K Loan Quote Now!

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Vision Mortgage, LLC 

352 Warren Ave, Unit #6

Portland, ME 04103

NMLS ##1286953   

Vision Mortgage, LLC 

352 Warren Ave, Unit #6

Portland, ME 04103

NMLS ##1286953   

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Travis Penny, Maine Mortgage Game Planner  

NMLS #1649161

Travis Penny, Maine Mortgage Game Planner  

NMLS #1649161

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Serving Maine since 2004

Serving Maine since 2004

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