FHA 203k Home Loans

HUD’s program for the rehabilitation and renovation of single family properties.

What is the FHA 203K loan?

The 203K is HUD’s program for the rehabilitation and renovation of single family properties. This loan can be used for repairing a home you wish to purchase or one you already own by refinancing your property.

Streamline 203K

Up to $35,000 in repairs.
50% of the funds available at closing, the other 50% after work has been completed.

Use it for:

Painting, new flooring, new appliances.
New kitchen, roofing, windows, siding.
New furnace, water heater, mold remediation, and more!

Full 203K

Repairs / improvements may exceed $35,000.
Structural repairs may be completed under the full version.
Up to 6 months to complete all repairs and 6 construction draws.

As construction financing has generally dried up, this remains a terrific option when considering doing improvements on your existing home.

The 203K can be a great option when buying a home that needs some repairs. Your next home improvement project or your new home can be a reality with the 203K. Contact us today. We are 203K experts!

248-608-9120 to get your Mortgage rate today!

What Our Clients Say

Advantage Lending Corp

5.0

Based on 117 reviews

Michael Dvorák

04:17 28 Feb 20

Incredibly knowledgeable and a pleasure to work with. Made obtaining the correct mortgage for my situation stress... free. I would highly recommend if you want to feel comfortable making major financial decisions.Refinance update: When the rates dropped, Dan was able to lay out a simple plan to save me money. I felt safe the entire process because I was plainly given all the information needed to make decisions. If you want to feel safe asking any questions and get honest feedback then I cannot recommend better.Thanks again for another stress free experience.read more

barabolla1 .

18:50 26 Feb 20

This is my second time working with Dan and his team, and I couldn’t be happier! They are Friendly, professional and... quick to answer any questions you may have. They really put you at ease and step you through the mortgage process and make sure you understand what is happening every step of the way! I will continue to do my business through them and always recommend them to everyone I talk too!read more

chris kivlen

23:02 28 Jan 20

We were extremely thrilled with our refinance experience that Dan provided. He went above and beyond to explain each... step of the process to both my significant other and I separately. There were a couple times we had a question and he responded immediately with an answer that was very easy to digest in an area where I had little existing knowledge of finance terms, etc. We were completing our refinance around the holidays and Dan called us from the office on Christmas Eve with the final numbers offering to answer any additional questions. He truly goes out of his way for each and every client regardless of the day. About a month after the refinance process was complete, we reviewed the checks we received and the numbers weren’t adding up. We called Dan to ask some follow-up questions and within minutes of taking a quick review of our file, he identified the exact amount on an additional check we would receiving and told us who to expect it from. We are so grateful to have found a broker so detail-oriented, hardworking, and compassionate about what he does. We recommend him to all family and friends that are in need of a broker and let them know that Dan will make what may appear to be a difficult/confusing process at first glance, very easy to understand. Thanks Dan!read more

Anthony Steffens

15:10 21 Jan 20

We have worked with Dan and his team several times! He is super knowledgable and will take the personal time to... explain the entire process. He has and will find the best rates for sure! I have several friends and family members that have used him as well...with the same feedback. If you want someone you can relax and TRUST...go with Advantage Lending Corp! Dan and his team are there to protect you, and to make purchasing a home/mortgage an easy process. Thanks again Dan, we love the new home!!!read more

Lisa Fritts

14:25 10 Jan 20

Dan is extremely knowledgeable!!! We are self-employed and income can be hard for the inexperienced loan officer to... figure out. Dan had no problem calculating the income. He was very professional and kept us informed on each step of the mortgage process. His processor, Melody, was extremely helpful and insightful as well. I highly recommend Dan as your mortgage guy.read more

Brian Vettraino

11:18 27 Dec 19

I have used Advantage Lending Corp twice now and always give them out as a referral to others seeking a mortgage. Dan... and Melony are great to deal with and have a vast amount of knowledge. They go above and beyond to make sure you're at ease in making life changing decisions. Their communication thru the entire process makes you feel as if you're the most important client they have and you're treated as a friend, not just a customer always.read more

Shawn Greenleaf

17:50 10 Dec 19

Dan and his team are top notch! They are the most honest and truthful team I have ever worked with. I have had many... mortgages through them and referred them to others and had the best prices and percentages around. In fact nobody came close. Thank you for all your hard work and always being a phone call away.read more

MarkO MOTO

16:37 10 Dec 19

Dan and Melony were the most helpful and responsive mortgage brokers that my wife and I have ever worked within this is... our seventh mortgage. They were able to have our mortgage ready to close within 20 days. No other brokers could get this done. Hard working and thorough by far the best in the business.read more

Amy Bruce

14:16 19 Nov 19

If you are looking to buy a home for the first time, second time, refinance, or buy a second home, you need to contact... Dan! We have been working with him for many years now. We highly recommend him to everyone that is looking for a "mortgage guy". Several family members have also worked with him and were highly satisfied based on our recommendation. He is flexible and is able to work with your busy schedule. Dan takes care of every detail so that the process is easy and smooth. He is kind and knowledgeable. When we had an issue arise with our most recent transaction, Dan worked hard and solved the problem right away. Thank you, Dan!read more

Emily Hendrix

11:36 30 Oct 19

Dan was awesome! This was my first home buyers experience, and I would definitely recommend Dan to anyone looking to... buy a home! He was always willing to explain any questions I had, and would call just to check up and see how the process was going. Dan was very informative and took the time to make sure I knew what steps to take as a first time home buyer. Dan was available if I had questions on the weekend and got my mortgage approved within a week. I appreciate all the time and work he put in to help be buy my first home!read more

See All Reviews

Quick Quote

Serving Michigan Home Buyers