NMLS # 1101220     |     FAIR LENDER     |     FAIR HOUSING

©Copyright 2017 MLB Residential Lending, LLC. NMLS #1101220

MLB Residential Lending, LLC. is located at 51 Commerce Street, Springfield, NJ 07081, 732.243.0140. MLB Residential Lending, LLC. NMLS #1101220 is a residential lender, licensed by the NJ Department of Banking and Insurance; licensed by the PA Department of Banking and Securities; licensed by the CT Department of Banking; licensed by the DE Dept. of the Banking Commissioner; and is licensed under the FL Mortgage Lender Service License #MLD1128. All rates are subject to change without notice. MLB in no way, claims to represent or to conduct business on behalf of HUD, the FHA or the Federal Government. This site is not authorized by the New York State Department of Financial Services

Turn that "Fixer Upper" into the Home of your dreams!

Did you know that when purchasing a home, buyers can include the cost of renovations or repairs into one mortgage, using the FHA 203k Loan Program? 

 

Let our 203k Loan Specialists Pre-qualify you asap, this way you can start looking for your fixer upper with your Realtor and know what you can afford!

203k HIGHLIGHTS

PROGRAM BENEFITS

  • Enables borrowers to buy/refinance their homes and include the cost of repairs/renovations all in one new mortgage.

  • Borrowers can buy/refinance 1 to 4 Family Homes & Mixed Use Properties with a low down payment of 3.5%.

  • You will be able to see what the before and after values of the property prior to the repairs/renovations.

  • Upon Closing, repairs can begin.

  • The 203k ia a perfect solution for older home problems.

ELIGIBLE REPAIRS

  • Roofing, Gutters and Downspouts

  • Interior or Exterior Painting

  • Updating Appliances

  • Hardwood Flooring, Tiling and Carpeting

  • Repair, Replace or add Decks, Patios and Porches

  • Modernize Plumbing, Electrical and HVAC

  • Weatherization (Storm Windows, Doors, Insulation and Stripping)

  • Accessibility Improvements

  • Basement Finishing, Remolding and Waterproofing

51 Commerce St | Suite 101 | Springfield, NJ 07081

732-243-0140
 info@mlbmortgage.com

CONTACT US