Wells Fargo 203k Renovation Loan

Depending on what needs to be done whether it s a few rooms or the entire home it could easily take months or even years to complete a major renovation.

Wells fargo 203k renovation loan.

Run some numbers revise scenarios and see what loans might best meet your needs. Especially when you re looking at the amerifirst vs wells fargo 203k loan. First the fha 203k is a home improvement loan that helps the borrower finance renovations directly into the mortgage loan on their house. I ve been meaning to do a post on the ins and outs of using a 203k renovation loan for years now and home ownership month seemed the perfect time.

Speak to your home mortgage consultant for details. What you need to save for future renovations or need to finance with a wells fargo home equity loan is the buying opportunity worth the challenges. Find the home loan that fits your needs. This post covers not only what the 203k renovation loan product is but my own experiences with it and my advice for other first time home buyers who are considering it.

Wells fargo home mortgage is a division of wells fargo bank n a. There may be additional personal credit options available to you through wells fargo for home improvements. The apr for a wells fargo home equity line of credit is variable and based on the highest prime rate published in the western edition of the wall street journal money rates table called the index plus a margin. When you are making a decision to borrow or looking for ways to pay for a large expense wells fargo is here to help.