Do You Qualify for Home Buyers Rehab?

Home Buyers Rehab is based on the FHA203K loan program. You can only be approved for this loan
through an Approved FHA Lender.


1. Maximum Loan Amount
FHA provides a simple form to determine this number. Go to FHA's website, fill out the    
appropriate boxes, write down the result and return here to continue. Click Here to go
directly to FHA's form.

2. Basic qualifications criteria for this loan.
Answer Yes or No to see if you qualify.
  1. Do you have 2 years worth of work history and currently employed/self employed?  Yes/No
  2. Do you have 3.5% down payment (Can be a gift from a relative or your 401k)   Yes/No
  3. Is your credit score 640 or higher?  Yes/No
If you don't know your credit score or want to improve your score Click here

If you answered YES to all the questions above CONGRATULATIONS!!!  You have just Pre-qualified
yourself.  Please Note: You can only be approved by an Approved FHA Lender
Still this would be a good time to contact your Realtor or HBR (if you don't have one) and let them
know HOW MUCH you might qualify for.

Now proceed to "What You Like & How Much It Costs" and have fun creating your dream
home!

If you answered NO to any of the above questions, don't be discouraged. Please contact an Approved
FHA Lender.
The content of this page is provided by:
Mr. Warren Davis, Mortgage Consultant, Wintrust Mortgage  
Contact Warren at: 773.426.2896 or wdavis@wintrustmortgage.com
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