FEATURED PROGRAM

FHA 203K Loan

Do you want to update that rusty kitchen? Upgrade your bath or redesign your living room? We know that you may not like some spaces of your new home at first, but we help you change that with our 203K Loan Program.

Did You Know?

The FHA 203k Rehabilitation Loan Product is a mortgage loan insured by the Federal Housing Administration, or FHA. With this loan you can make home improvements on a new house, make simple upgrades like a kitchen or bath for a home you already own, or completely reconstruct an unlivable property. A 203k Rehabilitation loan can even be used to tear down an existing structure and rebuild using some portions of the existing foundation.

The FHA 203k Rehabilitation Loan Product is a mortgage loan insured by the Federal Housing Administration, or FHA. With this loan you can make home improvements on a new house, make simple upgrades like a kitchen or bath for a home you already own, or completely reconstruct an unlivable property. A 203k Rehabilitation loan can even be used to tear down an existing structure and rebuild using some portions of the existing foundation.

No Overlays: We will underwrite based on FHA Guidelines.

Flexible Rehabilitation: Close before home rehabilitation is complete and no mortgage payments until rehabilitation is complete.

Low Down Payment: 3.5% down payment for 640+ FICO, 10% down payment for 580+FICO.

High DTI OK: Max DTI of 55% for 640+ FICO. Only for primary residences.

*All overlays herein are subject to change without notice.*

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WHY CHOOSE CITY LENDING INC?

We guarantee excellent customer service and assistance for you. Your home is our priority, and your happiness our mission. We’ll ensure the entire experience is a memorable, so that you may experience continue the joy of homebuying. Your experience will be so positive that you will fell excited to tell family members and friends about us.

Our customers become family.

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