Let Perry Farella be your Renovation Lending resource.
Let Perry Farella be your Renovation Lending resource. Perry has been a Loan Officer for over 12 years. Prior to that, he was active in real estate buying and selling his own properties in Chicago and found that he enjoyed the process of determining the best way to finance purchases. His keen understanding of financial means to acquire Real Estate lead to him having a desire to evolve in helping ours navigate the mortgage lending process.
FHA 203k Home Improvement Loan
Need to make improvements to the house you want or the home you already own? Don’t finance major renovations with your credit card – make things happen with a Chicago FHA 203k Home Improvement loan. From upgrades to your kitchen or bathroom, or rebuilding a home that needs more than a little TLC, go 203k to get the job done without taking on a mountain of debt. You can borrow up to 96.5% of the appraised value – based on the value when the improvements or repairs are completed.