[b][Salt Lake City, 06/27/2017][/b] – Housing data specialist, Metrostudy, shares that remodeling activity in the country will increase in 2017 and 2018 by 4.4% and 3.3%, respectively. Its chief economist adds that as mortgage rates increase over the next few years, many homeowners will choose to stay in their current homes and renovate instead.

Primary Residential Mortgage, Inc. helps those homeowners achieve their goals with the FHA 203k.

[b]FHA 203k Loan[/b]
Primary Residential Mortgage, Inc. says that the loan works for most homebuyers and homeowners because they will have easy access to cash to pay for repairs and improvements. The company locks the client into a competitive interest rate over a term of 30 years.

Aside from a competitive interest rate, applicants can benefit from low down payments.

The company compares the maximum amount of money clients can borrow with a regular 203k and a streamlined 230k.

With the former, applicants can borrow less than the amount of the property’s current value, plus repair costs, and 110% of the estimated value after improvements. With the latter, applicants can get the purchase price of the home, plus an additional $35,000.

[b]A Better Process[/b]
As an FHA-approved lender, Primary Residential Mortgage, Inc. employs a streamlined application process that allows clients to get their mortgage pre-approved in as fast as 15 minutes.

The mortgage company shares, “With an FHA 203K loan, you can dream of your ideal home and start turning it into a reality. If you’re ready to move forward, apply with one of the top mortgage companies in the US. Primary Residential Mortgage, Inc. has the national presence to leverage better rates, but local enough to understand the market.”

[b]About Primary Residential Mortgage, Inc.[/b]
Primary Residential Mortgage, Inc. holds active licenses in 49 states and the District of Columbia. To date, it has helped over 225,000 people realize their homeownership goals. Through its simple application process, customers can get pre-approved or get in touch with financial experts in as fast as 15 minutes.

The mortgage company also offers Fixed Rate Home Mortgages VA loans, FHA loans, jumbo Loans, reverse mortgages, adjustable rates, and rural housing loan.

For more information, visit https://www.primaryresidentialmortgage.com.