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"Approved" Local Contractors´ Services Plus
Financing Options That May Make Your
Home Improvement Project Possible After All
952-548-2307 or 763-745-1188
See also CRMH Info for Contractors
For homeowners contemplating certain remodeling, rehab, repairs, or replacements in their homes, or for home buyers wondering how to incorporate certain rehabs with homes they are interested in purchasing, there is a financial product that may be helpful to you in these tight credit markets. The 203K program, fast becoming an indispensible product and financing option, is a federally insured mortgage program for the purchase, rehabilitation, remodeling or repair of single family properties, townhomes, and condominiums.
Contractors For Rehabbing Minnesota Housing is a local, professional group of
pre-screened, “approved” contractors whose purpose is to help provide full service contracting and financial solutions towards your project possibilities.
If you have been holding off on a certain project, or considering taking one on, a call to us first may help determine whether or not this financing option can help make that project easier to pay for. Our objective is to help make these projects possible from beginning to end, which includes, in many cases, a way to pay for them. Whether purchasing a new home or fixing up the one you have, the 203K enables homeowners to use one loan and one closing for both mortgage / refinance and project(s). The interest rates and closing costs appear to be competitive with the mortgage market in general.
The 203K is ideal for:
1. First time homebuyers interested in purchasing property in need of repair or updating.
2. Existing homeowners who want to repair or remodel their current property.
3. Borrowers with limited funds for down payment, closing costs, or necessary repairs.
Eligible improvements include:
1. Kitchen Remodeling
2. Room Additions
3. Bathroom Remodeling including master suites
4. Finishing basements
5. Porches and decks
6. Energy efficient upgrades
7. Appliances, and electrical and plumbing upgrades
8. Interior upgrades, replacements, or repairs including flooring, painting,
countertops, etc.
There are additional details and requirements that could apply. if you are interested in more information about this program call us at 952-548-2307 or 651-556-1399 and we will help you get the information you need. Or, feel free to send an email. We will get back to you with the information you are looking for.
Visit www.crmh.net for more information
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