Greenday Construction
With over 25 years of construction experience we are known throughout the Chicago-land area as an industry leader when it comes to quality home remodeling projects. We are uniquely positioned to deliver outstanding quality, on-time performance, and on-budget completion of your remodeling project, regardless of the overall size.
We are an approved 203(k) Contractor.
We are certified experts in the FHA 203(k) HUD Renovation and Remodeling Program. Our attention to detail and commitment to excellence from concept to completion is not often found in our industry. We take great pride in listening to your ideas, incorporating them into your project, and customizing them per your specifications while still keeping in mind the overall budget requirements.
We have a combination of highly skilled craftsman; all licensed, bonded, and insured to meet all of your specialized needs and requirements. Our high building standards will bring you and your family the lifestyle and comfortable living space that you can call home. There is a growing trend toward green building design that will actually save you thousands of dollars as well as having a positive impact on our environment. Whether it’s a high efficiency furnace that will literally pay for itself in less than five years, recycling aluminum siding, gutters or other building materials, or adding additional attic insulation, all can be accomplished utilizing the FHA 203(K) loan.
We are an approved 203(k) Contractor.
We are certified experts in the FHA 203(k) HUD Renovation and Remodeling Program. Our attention to detail and commitment to excellence from concept to completion is not often found in our industry. We take great pride in listening to your ideas, incorporating them into your project, and customizing them per your specifications while still keeping in mind the overall budget requirements.
We have a combination of highly skilled craftsman; all licensed, bonded, and insured to meet all of your specialized needs and requirements. Our high building standards will bring you and your family the lifestyle and comfortable living space that you can call home. There is a growing trend toward green building design that will actually save you thousands of dollars as well as having a positive impact on our environment. Whether it’s a high efficiency furnace that will literally pay for itself in less than five years, recycling aluminum siding, gutters or other building materials, or adding additional attic insulation, all can be accomplished utilizing the FHA 203(K) loan.
What you can do with the FHA 203(k) loan
The FHA 203(k) Program can be used not only for purchasing a fixer-upper, but it can also be used to refinance your existing home to make some of those improvements you’ve wanted to complete for years. These days many homeowners aren’t able to secure a home equity loan to make needed improvements due to the tight lending practices we are currently experiencing. Once armed with the 203(K) Loan you can make those improvements you’ve always wanted to make; additions, finishing your basement, a new roof, siding, windows, doors, kitchens, baths, carpet, hardwood flooring, and almost any other home improvement project you can think of. There are very few projects that cannot be completed under the 203(K) Loan Program.
Details of the FHA 203(k) Loan
Your FHA 203k loan includes the money required to purchase your new house as well as all of the additional money required to complete any repairs/improvements to make your house a home, all in one mortgage.
You still get a low fixed rate (usually slightly higher than a regular FHA loan)
You still get a low fixed rate (usually slightly higher than a regular FHA loan)
- You are only required to put down 3.5% and this can be a gift
- FHA 203k loans require that you occupy the property as your primary residence
- The loan is available for 1-4 units
- You can refinance a property with 203k as well
- You can get an FHA purchase rehab loan on a mixed use property and condos
Thanks for visiting our website and call us today for more information or for a free in home consultation. Our telephone number is: 847-714-6711