Advanced Restoration Featured In:
203k Loan Report
on NBC News New York!
(This news story provides information related to a FHA 203k loan)
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Consider a Home Rehabilitation 203k Loan!
Let Us Be Your 203k Contractor...
You may find the home of your dreams on Long Island or in the New York City burroughs, but the home may be in need of some work. With an FHA 203k Loan Mortgage, you will have one loan which includes the mortgage and the cost of repairs combined!
The 203k Loan amount is based on the projected value of the property after the work is completed, taking into account the cost of the work. The advantage of this 203k loan is that you can buy a home that needs a lot of work, or even minor improvements, and you still have only one payment, which combines the mortgage and cost of the building repairs.
Obtaining a 203k Loan Mortgage will allow you to:
- Create the home of your dreams and add value to your investment
- Borrow the money for repairs in the same mortgage loan
- Complete the reconstruction after you close on your home
- You don't have to refinance once reconstruction is complete
- 203k Loan offer a low fixed rate, unlike construction loans
The Advantages of A 203k Loan On Long Island and New York City:
- Quality with as little as 3% down
- Cash needed for the repairs is built into the loan amount
- Loan amount is based on the "As-improved" value of your Long Island or New York City home
Eligible Home Improvements
The 203k loan covers a range of home improvements on Long Island and New York City. These include, but are not limited to, the following:
Replacing a Roof, Gutters, and Downspouts
Adding a Bathroom
Build A Dormer
Upgrading plumbing, electrical wiring, heating and air conditioning
Adding or repairing siding or painting
For additional 203k loan facts, click: 203k Loan Facts.
To find an approved 203k HUD Consultant, click here.
New RESPA Handbook
Advanced Restoration Corporation Is Property Damage Restoration Contractor with the Ability and Knowledge of 203k Loan Programs to Provide Complete Home Reeconstruction Services to You.
For more information about a 203k loan and mortgage professionals authorized to generate a FHA 203k loan, please contact Eric Martin at (631) 422-2100, or Click Here.
Advanced Restoration is a Preferred Service Provider for Insurance Carriers, Property Managers, and a Concierge Service Provider for Real Estate Companies in New York.