FHA 203(k) Renovation Loans in Illinois. The FHA 203(k) renovation loan rolls the purchase price and the cost of repairs into a single mortgage with 3.5% down, so Illinois buyers can finance a home that needs work without a separate construction loan. It is a strong fit for older Chicago and near-suburb housing stock that would not otherwise pass appraisal. Jorge Flores at Neighborhood Loans, NMLS #224368, originates this product across Illinois: (708) 220-3364.
Jorge A. Flores, Senior Mortgage Loan Officer, NMLS #224368. Neighborhood Loans, NMLS #222982. Berwyn, Illinois. Telephone (708) 220-3364. Service available in English and Spanish.
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Equal Housing Lender. Neighborhood Loans is an Illinois Residential Mortgage Licensee. This is not a commitment to lend. All loans subject to credit approval; program terms, amounts and availability are subject to change.