do you provide FHA 203K loan? since the house is not a living condition currently

Hi borrow1,

The 203k loan is perfect for your situation because it gives you access to funds which will help you bring the property up to a habitable condition, with your own personal specifications.
As this is a purchase money loan, you would be eligible to borrow up to 96.50% of the Purchase price for the total of purchase money plus rehab funds.
You should consider that the 203k streamline allows you up to $35,000.00 in rehab funds, while the regular 203k loan allows you whatever you need in rehab funds.  The streamline is limited in the type of work you can do though, because it is meant more for "cosmetic work.  With the regular 203k loan, you can virtually tear down and rebuild the property, so long as you leave the foundation standing.  You might also want to take advantage of the energy efficient mortgage program which may qualify you for additional funds to install energy efficient windows, doors, appliances etc in the home.
If you are undertaking work of over $35,000.00 or the work includes repairs that disqualify you from the Streamline program, you will need a Plan Review Consultant - Which is HUD certified person that goes through the property and gives you a writeup on the repairs that must be completed to make the loan eligible for HUD (FHA) financing.
One great tip I have for you is this - Ask your Lender for a Plan Review Consultant who will give you an initial Feasibilty study, rather than a full blown write up, first.  This way, for $200.00 or so, you would get confirmation as to whether the whole project makes sense or not, before you go too far into it.  The cost for a full writeup usually starts at $700.00 and that's why you should probably do the FS first..  Should you then decide to go ahead, the Consultant should credit the $200.00 or so towards the full review writeup.
Finally, please ensure that you find a Loan Officer knowledgeable about this product.  This is a highly specialized mortgage program and while most Lenders claim to offer it now, not too may have the experience and knowledge to see it through at minimum cost and stress to you.  Ask a LOT of questions.  If the LO is either unable or unwilling to answer them (in detail) to your satisfaction, please move on to someone else.
Any rehab loan is complicated enough with contractors, materials, work time etc, the last thing you want is an LO that has messed up the whole thing from start and has you jumping through hoops for issues they should have been proficient enough to address.
Good luck with your purchase. I hope it all works out well for you.

Hi Borrow1,

FHA's 203k programs are great loans. The Streamlined version is limited to $35,000 in non-structural related renovations whereas the Standard version is limited only by FHA's maximum mortgage amount in your area.

Call or email with questions. 203k is a specialty.

Mark

borrow1. Yes, you can get a 203k loan if the house is not currently in living condition. Remember, there is a cap on the amount of money you can get to do your rehab.

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if you looking at doing the full 203k loan you may call your local HUD cost consulant. they will know who is actively closing 203k loans and knows how to handle them start to finish.

Go here to find a 203k lender.
You can look by location (your State), then uncheck all of the boxes and then check the 203k box at the bottom and click the search button.

This will help you find 203k lenders in specific areas.

Good luck and hope this helps!