Real Loan Experts • No Call Centers • No Chatbots
LOW DOWN PAYMENT MORTGAGE SOLUTIONS FOR TODAY'S HOMEBUYERS
Access competitive mortgage solutions from multiple lenders with guidance from experienced local mortgage professionals.
FAST PRE-APPROVAL REVIEW
NO OBLIGATION CONSULTATION
LOCALLY OWNED & LICENSED IN MD, PA, VA & WV
Get Approved Once, Then Generate Your Pre-Approval Letters Online Anytime – 24/7.
Access To Multiple $0 Down Loan Programs
Credit Scores Starting at 580
Get Approved Once. Access Your Pre-Approval Letters 24/7
Dedicated Mortgage Advisor
How do you want to get started?
Quick application
With Millennial Home Loans quick online loan application, determining if you qualify for an FHA 203k Renovation Loan and for how much, has never been easier.
Talk to a FHA 203k Renovation Mortgage Expert
Not ready to apply online? No problem. Answer a few questions, and a FHA 203k Renovation Home Loan Mortgage Expert will call you back.
FHA 203k Renovation Loans.
3.50% Down, 6% Seller Closing Credit Allowed
Flexible credit score requirements, with credit scores down to 580
Transaction Information
| Repair Budget (Include Permits) | |
| Repair Reserve | |
| Maximum Draw Inspection & Title Update (up to 2 inspections without 203(k) Consultant, up to 5 inspections with 203(k) Consultant) | |
| 203(k) Consultant Required (required if total budget is over $75,000 or structural damage/moving walls is checked "Yes") | |
| 203(k) Consultant Fees | |
| Subtotal | |
| 203(k) Supplemental Origination Fee (waived if using Millennial Home Loans preferred lenders) | |
| Total Renovation Budget |
| Down Payment | |
| Base Loan Amount | |
| 1.75% Upfront MIP | |
| Total Financed Loan |
| Principal & Interest | |
| Monthly MIP | |
| Monthly Taxes | |
| Monthly Hazard Insurance | |
| Total Mortgage Payment | |
| HOA/Condo Fee | |
| Total Housing Expense |
| As-Is Value | |
| After-Completed Value |
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.


