HUD 203k Certified Consultant on Staff for Your Peace of Mind
Buying a home that needs roof repairs in Columbus Ohio can be made easier with an FHA 203K loan. Kerrigan Roofing can help you through the 203K process.
If you’ve been on the hunt for 203K Loan or FHA 203K Lenders for a 203K Rehab Loan in the Dayton, Ohio, Cincinnati Ohio or Columbus Ohio areas, look no further than Kerrigan Roofing and Restoration. With a certified 203K contractor, Jay Thoms, on staff, we are proud to offer this additional helpful service to our valued clients.
Obtaining a 203K loan can be a daunting process. Luckily, our HUD Certified 203K Consultant can help you navigate this confusing proposition. Some loan seekers hire a 203K consultant to prepare the extra paperwork involved in this type of loan, with the consultant’s fees included in the loan amount itself. Many homeowners find it extremely helpful to have someone on their side when it comes to the mountains of paperwork involved. Let our very own Jay Thoms assist you with the projects involved in your residential properties involving a 203K loan. We make roof repair in Columbus Ohio a breeze.
Understanding an FHA 203K Loan
Offered by the Federal Housing Administration (FHA), a 203k loan is designated for houses that have been damaged by storms, or that are in vital need of rehabilitation in order to remain inhabitable. The loan covers the cost of the property as well as the cost of home repairs necessary for the project.
With relaxed eligibility criteria and a low down payment, this type of loan is great for homeowners who want to make needed home improvements. They can also refinance with these loans, which may cover a variety of repairs, either structural or non-structural in nature. Types of residences that qualify include teardowns of single-, two-, three- and four-family homes, condos, and mixed-use properties. Here are some examples of allowable roof repairs in Columbus Ohio:
- Room additions
- Bathroom and kitchen remodeling
- Disability access
- Energy conservation
- New appliances
- Decks and patios
- Attic or basement finishing
- Site grading
203K Streamline Loans
This type of loan offers borrowers the chance to rehabilitate a home that needs repair without the extra cost or details featured in the regular 203K. As such, you can use one loan to pay for the purchase and cost of renovating a home. This is available to certain lenders by the U.S. Department of Housing and Urban Development (HUD), and is available to all income levels, for homes that have up to four units. Just remember that many lenders don’t offer 203K loans, and when you do find a lender that offers them, there is a lot of paperwork involved. This is where the experience of our HUD Certified 203K Consultant comes in as part of roof repair in Dayton Ohio.
Lean on Us
Kerrigan Roofing and Restoration is your choice for roof repair in Dayton Ohio, thanks to our commitment to quality customer service and superior materials. We have a proven track record of high customer service and quality installation as part of roof repair in Columbus Ohio. Give us a call today to learn more about 203k loans!