Buy In California!

What is the California 203k ready Home Improvement Loan?

This is a special type of government loan from the Department of Housing and Urban Development (HUD). 203k simply refers to this loan’s name in HUD’s code.

This loan allows you to purchase a home AND finance the cost of improvements; all with one easy-to-get loan.

Can you give me an example?

Certainly! Let’s say you purchase a short-sale for $150,000. It needs a new kitchen, new carpet, new paint, and a new bathroom; yet you don’t have the extra $20,000 in cash to make these improvements.

NO PROBLEM! Using the California 203k ready Home Improvement Loan, you can get a loan for the purchase ($150,000) PLUS the improvements ($20,000). Your total loan value will be $170,000 and you get a brand new kitchen, carpet, paint, and bathroom!

What are the guidelines and restrictions?

Please refer to the following sections of our site for more specific info:

For Buyers: California 203k ready Information for Buyers
For Sellers: California 203k ready Information for Sellers
For Agents: California 203k ready Information for Agents