NEW CONSTRUCTION

About FHA 203K Home Loans

An FHA 203K loan is a loan backed by the federal government and given to buyers who want to buy a damaged or older home and do repairs on it. Here’s how it works: Let’s say you want to buy a home that needs a brand-new bathroom and kitchen. An FHA 203K lender would then give you the money to buy (or refinance) the house plus the money to do the necessary renovations to the kitchen and bathroom.

We’re here to make the 203K home loan process a whole lot easier, with tools and expertise that will help guide you along the way, starting with our FREE 203K Loan Qualifier.

We’ll help you clearly see differences between loan programs, allowing you to choose the right one for you whether you’re a first-time home buyer or a seasoned investor.

The 203K Loan Process

Here’s how our home loan process works:

• Complete our simple 203K Loan Qualifier
• Receive options based on your unique criteria and scenario
• Compare mortgage interest rates and terms
• Choose the offer that best fits your needs
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Understanding Your Financing Needs

New Build Homes:

Building a new home provides an opportunity to create a space perfectly attuned to your desires. However, financing a new build requires a different approach compared to purchasing an existing property. Broadway Mortgage Group offers a range of loan programs suitable for financing the construction of your dream home, ensuring you have the support needed throughout the building process.

Renovation Loans:

Renovating a property often demands financial flexibility and specialized loan products. Broadway Mortgage Group understands the unique requirements of renovation projects and provides access to renovation loans designed to finance both minor upgrades and major renovations, allowing you to transform a property into your ideal living space.

The Wholesale Advantage with Broadway Mortgage Group

Tailored Solutions:

As a wholesale mortgage company, Broadway Mortgage Group collaborates with a network of lenders, offering a wide array of loan products to suit various financial situations. This partnership allows for flexibility and customization, ensuring clients have access to tailored solutions that align with their specific needs.

Competitive Rates and Terms:

Through wholesale channels, Broadway Mortgage Group provides access to competitive rates and favorable terms that may not always be readily available through traditional lending avenues. This enables clients to secure financing that suits their budget and long-term financial goals.

Streamlined Process:

Partnering with a wholesale mortgage company like Broadway Mortgage Group streamlines the financing process for new builds or renovation projects. Their expertise in navigating these specialized loans ensures a smoother and more efficient journey toward securing the necessary funds for your project.

How Broadway Mortgage Group Can Assist You

• Expert Guidance: Their team of professionals possesses in-depth knowledge of various loan programs, helping you navigate the complexities of financing new builds or renovations.
• Personalized Approach: Understanding that each project is unique, Broadway Mortgage Group offers a personalized approach, tailoring financing solutions to suit your specific requirements.
• Efficiency and Support: Whether you're exploring options or in the midst of a project, they provide dedicated support and aim for an efficient, hassle-free financing experience.