203k MADE EASY

Contact Us

Great American Remodeling Co.
BC-20490918
25225 Pillsbury Avenue
Lakeville, MN  55044

www.GreatAmericanRemodeling.com

Brian Vroblosky, Operations Director
612-239-9636
Brian@GreatAmericanRemodeling.com

Barbara Charlton, Contract Administrator
612-414-6721
Barb@GreatAmericanRemodeling.com

Steve Charlton, Owner
612-964-2498
Steve@GreatAmericanRemodeling.com

203(k) Quick Facts

One to Four Units

Eligible properties include one to four-family dwellings that have been completed for at least one year.

Monthly Payment Reserve

Up to 6 months of mortgage payments, including the mortgage insurance premium, may be placed in escrow to cover the monthly payments during the construcion period.

Foreclosed Properties

203(k) loans can be used to purchase and rehabilitate foreclosed properties that do not meet the regular FHA requirements

Refinancing

203(k) loans can be used to refinance and improve a property that is currently owned by the borrower.