203K Rehab VS Renovation Resource Capital VS Home Style

  • 203K Rehab
  • Loan limit by county
  • Appraisal required
  • Personal title held
  • Principal reduction allowed
  • 3.5% down payment
  • Single loan event
  • 6 month closing time
  • Max 5 draws
  • 6 month completion period
  • 10% contingency reserve
  • Primary occupancy only
  • CCB required + HUD
  • RRC
  • Limit: $1,500,000
  • Appraisal not required
  • Business title held
  • Reduction not allowed
  • Down payment DOE
  • Multiple loan events
  • 6 - 12+ month closing time
  • Max 5 draws
  • 6-24 month completion period
  • No contingency reserve
  • Non-owner occupancy only
  • No CCB required
  • Home Style
  • Limit: $453,100
  • Appraisal required
  • Personal title held
  • Principal reduction allowed
  • 5% down payment
  • Single loan event
  • 6 month closing time
  • Max 5 draws
  • 6 month completion period
  • 10% repair contingency reserve
  • Primary secondary & Investment
  • CCB required