• Vicki Ahmadi

Ready to Renovate?

Updated: Jan 20, 2020

Is it time to renovate? Check out these two home renovation loans and see which is right for you.

FHA 203K**

• Purchases minimum down payment 3.5%of price

• Refinance up to 96.5% of after improved value

• Eligible properties include owner occupied;

1- 4 family, manufactured homes, condo

• Increases property value and builds Equity

• 580 Minimum Credit Score

**Limited and Standard 203K guidelines will apply based on specific loan scenario


• Purchases Minimum Down Payment 3% of Price

• Refinance Up to 97% of After Improved Value

• Eligible Properties Include 1-4 Family Owner Occupied, 1 Unit Second Homes, 1 Unit Investment n Properties, Condos, Co-Ops and PUDs

• Permits Greater Flexibility for Eligible Improvements; i.e. Swimming Pools

• 620 Minimum Credit Score

Contact us today for more information or click here to start your application.

Copyright©2019 Geneva Financial, LLC, NMLS #42056

This is not a commitment to make a loan. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the home to meet LTV requirements for refinances, and final credit approval. Approvals are subject to underwriting guidelines, interest rates, and program guidelines. Approvals are subject to change without notice based on the applicant’s eligibility and market conditions. Geneva Financial LLC is not acting on behalf of or at the direction of HUD/FHA or the Federal Government. Geneva Financial LLC is approved to participate in FHA programs but the products and services performed by Geneva Financial LLC are not coming directly from HUD or FHA. Geneva Financial LLC #42056 is an Equal Opportunity Lender and Equal Housing Lender. 3155 S. Price Rd Chandler, AZ 85248. AZ#0910215 Corporate: 3155 S. Price Road • Suite 105 • Chandler • AZ • 85248

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