Financing in Tobyhanna>Question Details

Sassime40, Home Buyer in Lehighton, PA

Would a 203k Loan cover repairs for a deck that is not in very good shape and wooden front porch, and a paved driveway?

Asked by Sassime40, Lehighton, PA Sun Jan 1, 2012

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3
Yes, probably.
They center on Health and Safety, but other items that improve the value and appeal of the property are allowed too.

Good luck and may God bless
1 vote Thank Flag Link Mon Jan 2, 2012
All of the items you mentioned would be acceptable with a Full 203k. You may tear off the entire porch and build new or you may simply reinforce. The same would apply to the driveway as well. On a side note, item #8 on a Consultant's Work Write-up is labeled "Driveways".
Web Reference: http://RobWeber.com
0 votes Thank Flag Link Fri Jun 14, 2013
Repairs to the deck would likely be allowable for the 203K (health and safety issues); however, total replacement might not be possible. Paved driveway? As is repairing a issue, or just paving a driveway? if the latter, I seriously doubt it. It may be lender specific; however, i have never seen it done....on the other hand, none of my clients have ever made the request. Check with a local 203K specialist. Best of luck!
0 votes Thank Flag Link Mon Jan 2, 2012
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