STREAMLINED 203(K) PROGRAM

You’re looking at a house with “good bones” but it needs a lot of work. This Steamline Loan Program provides additional money for renovations and repairs of your primary residence by financing the after-improved value rather than the present value of the home. 

Program Highlights

  • Qualified borrowers receive a single loan with one closing
  • As little as 3.5% down payment
  • Up to $35,000 for repairs or renovation
  • Finance construction costs with a single closing
  • You pick the licensed and insured contractors
  • Wide variety of repairs covered, including roofs, kitchen/bath remodels, flooring, paint and more
Image showing how to download the free eBook.
Image showing how to download the eBook.

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Michigan Mortgage is a division of Mortgage One, Inc. NMLS#129386