Need an FHA 203K Contractor in New York?

You may find the home of your dreams, but the home may be in need of some work. With an FHA rehab/ restoration mortgage, you will have one loan which includes the mortgage and the cost of repairs combined!

The mortgage amount is based on the projected value of the property after the work is completed, taking into account the cost of the work. The advantage of this loan is that you can buy a home that needs a lot of work, or even minor improvements, and you still have only one mortgage payment including money for repairs.

Finding a general contractor/certified restorer who is familiar with the 203k process can be a challenge, since there are many requirements related to a 203k loan.  Advanced Restoration Corporation has been servicing Long Island for 20 years and is very familiar with the 203K requirements.

Similar to a traditional mortgage with a construction loan added on top, the 203k can be used for the following:

*Remodeling bathrooms and kitchens (even built-in appliances)

*Replacing a roof, gutters and downspouts

*Adding a second story, afamily room,another bath, etc.

*Completing a basement or attic

*Upgrading plumbing, heating, air conditioning or electrical service

*Installing new siding, energy efficient windows and doors

AND MUCH MORE!
 
For more information on having Advanced Restoration partner with you, please contact Gay Matzelle at (516) 903-4107. Be sure to watch our 203K video...NBC News4 New York 203K featuring Advanced Restoration and Continental Home Loans!