American United has adopted the FHA 203(k) loan program into its family of loan products because of its importance to community and neighborhood revitalization and for expanding homeownership opportunities for our clients. Here's why:

As the nation's housing stock ages, the remaining physical and economic life of millions of older homes decreases. And with the cost of new homes on the rise, many lower to middle income families and first-time homebuyers are discouraged at the prospects of homeownership.

Older homes or so called "handyman specials" however create great buying opportunities, especially for first-time homebuyers because of their reduced price compared to new home sales - not to mention the charm and convenient location of most older homes.

The problem is that older homes usually require major repairs and upgrades - repairs that lenders will require to be taken care of prior to closing. And since most new homebuyers typically do not have the extra savings to pay for needed repairs, older homes are typically purchased by investors with "deep pockets" willing to pay cash for these properties.

The FHA 203(k) loan program was designed by HUD to address these issues and make purchasing older homes a great buying opportunity for everyone.

• 203(k) - How it is Different

• Eligible Improvements

• Frequently Asked Questions

• Apply Now

• Contact a 203(k) Specialist

FHA Financing

FHA 203(k)

Grant Assistance

VA Financing

Cash Out Refinancing

HUD Properties

Streamline Refinancing