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FHA Renovation Loan

FHA 203(k) Standard Renovation Loan
The FHA 203(k) standard renovation loan enables homebuyers and homeowners to finance both the purchase (or refinancing) of a house and the cost of its repairs or renovations through a single mortgage or to finance the repairs or renovations of their existing home.
This renovation loan has specific projects that are eligible.
Eligible Renovation Projects:
● Structural alterations and reconstruction
● Modernization and improvements to the home’s function
● Elimination of health and safety hazards
● Changes that improve appearance and eliminate obsolescence
● Adding or replacing roofing, gutters, and downspouts
● Adding or replacing floors and/or floor treatments
● Major landscape work and site improvements
● Enhancing accessibility for a disabled person
● Making energy conservation improvements

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CHM Lending is a local mortgage broker founded in 1992 and located in Medina, Ohio. Our company offers a full range of mortgage loan products including Conventional, FHA, VA, USDA, Construction, and Renovation loans. Our team has a combined over 45 years of experience in the mortgage industry and was voted Best of The Best in Medina County in 2017 & 2018. We use a common sense approach with all of our clients and we work with many different lenders to be able to offer the most competitive rates and costs coupled with amazing customer service.

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CHM Lending

Fun facts Friday:

Sellers must legally disclose if they believe their home is haunted in New York.

In the US, there are 5 times as many vacant houses as there are homeless people.

Utah has been giving free homes to the homeless since 2005 which has cut chronic homelessness by 74%!!!

Charles “Pretty Boy” Floyd was a Great Depression era gangster who was viewed positively by the general public – When he robbed banks, he would destroy all of the mortgage documents which freed many citizens of their debt.
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CHM Lending ™ A Division of: Consolidated Funding Corp.
2425 Medina Rd Medina, OH 44256
NMLS #243256
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CHM Lending NMLS Consumer Access
Ohio License #MB.800906.000
Pennsylvania License #55198

Florida License #LO