It’s no secret; interest rates are excellent right now. They are hovering near all time historical lows. Homeowner’s all across Atlanta and the rest of Georgia are cashing in on this opportunity and lowering their monthly payment, fixing their adjustable rate mortgage or consolidating debt. Many Atlanta homeowners, however, also have some renovation needs they’d like to take care of as well. However, due to lower loan to value’s and declining property values they don’t think they have the room pull the cash out and go to work. Stand corrected homeowners in Georgia! Intro the FHA 203K for refinance!

So, why is FHA 203K better than a traditional cash-out refinance? That answer is SIMPLE. We use up to 110% of the AFTER REPAIR VALUE to determine your loan amount instead of the traditional AS-IS value you would get on a normal cash-out refinance. Using after repair value gives you way more room to work with. While FHA 203K refinances do have a few caveats (upside down borrowers need not apply) for the most part they will present an opportunity for you do your needed renovations, add more square footage and just do a general gussying up of your house. Want to know more? Contact us today and we’ll discuss all the details of how the loan works!

APPLY NOW for Your FHA Georgia 203K Loan!