203k loan

You can do it using a 203k refinance. However, it would be a terrible financial decision. A project so small could probably be financed at 0% either through HD or Lowes. Or even on a 0% credit card for 12,15,or even 18 months. A refinance has several closing costs and also carries a slightly higher interest rate than a regular FHA loan. On another note, if you have more than 20% equity in the property, be paying mortgage insurance when you wouldnt otherwise be required to. BAD IDEA!

No. If you had a patio door that was in disrepair, then the 203K would work for that.

Yes. Seems like a small project for a 203k refinance though. While I do these type of loans there are other options as well. Give me a call: 260-348-7519.

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You could have a new patio door installed; however, you should sit down and evaluate the appropriateness of your request due to the high costs. If you are leveraging a 203(k) loan to both refinance your existing home loan while making home improvements, then go for it.

a fha 203k loan, requires a mim loan amount of $5,000 AND you have to hire a contractor... you have good advise below go to the home stores, and buy one... most doors will be $200 TO what ever you want to spend..

If your under 85% Loan To Value or have more than 15 % equity in the property you will be better off doing a FHA cash out refinance. These are allot faster and easier than the FHA 203k. I would only do the refinance if your lowering your interest rate. It doesn't make sense to refinance and pay all the closing cost to get a few thousand dollars out for a door.

I would not suggest using a FHA 203K loan for your project. To use the FHA 203k loan, you would need a minimum of $5000.00 in rehabilitation to your home.