Wells Fargo 203k Renovation Loan

Especially when you re looking at the amerifirst vs wells fargo 203k loan.

Wells fargo 203k renovation loan.

Find the home loan that fits your needs. First the fha 203k is a home improvement loan that helps the borrower finance renovations directly into the mortgage loan on their house. This post covers not only what the 203k renovation loan product is but my own experiences with it and my advice for other first time home buyers who are considering it. Depending on what needs to be done whether it s a few rooms or the entire home it could easily take months or even years to complete a major renovation.

The apr for a wells fargo home equity line of credit is variable and based on the highest prime rate published in the western edition of the wall street journal money rates table called the index plus a margin. So if you re looking to pay for a kitchen remodel a new deck window replacements or another remodeling project. When you are making a decision to borrow or looking for ways to pay for a large expense wells fargo is here to help. If you are a service member on active duty prior to seeking a refinance of your existing mortgage loan please consult with your legal advisor regarding the relief you may be eligible.

The index as of the last change date of march 16 2020 is 3 25. There may be additional personal credit options available to you through wells fargo for home improvements. Speak to your home mortgage consultant for details. Run some numbers revise scenarios and see what loans might best meet your needs.