Maryland Home Remodeling Funding
No Up-Front Out-of-Pocket Fees
Not only does Trademark offer experience and dependability, but we’ll work with you to find the best financing solution for your home improvement projects. At Trademark Remodeling, we require no up-front out-of-pocket fees!
203k Financing Consultant
Our homes continue to require maintenance, even during tough economic times. However, Trademark Remodeling can work with you to provide consultation in seeking a 203k Financial Loan.
What is a 203K Loan?
An FHA 203K loan is basically a home improvement loan that is administered through the Federal Housing Administration (FHA), which is part of the Department of Housing and Urban Development (HUD). The program is the Department’s primary program for repair and rehabilitation of single-family properties. There are two types of loans:
- Standard (k) loans for complex project requiring substantial structural renovation
- Streamlined (k) loans for simple and cosmetic repairs
203K Loan-Eligible Properties
Properties must be a one- to four-family dwelling in existence for at least a year and meet zoning requirements for number of units on the site. Any newly constructed units must be attached to the existing dwelling. If a home has been demolished, or will be razed as part of the rehabilitation work, it remains eligible provided some of the foundation remains intact. The loan can be used to convert a one-family dwelling into a two-, three-, or four-family dwelling, or decrease a multi-unit dwelling to a one to four-family unit.
The 203K Loan can be Used to:
- Purchase a dwelling and the land with it
- Purchase a dwelling on one site, and move it to a new location on a mortgaged property before rehabilitating it
- Finance existing indebtedness on an owned dwelling to rehabilitate it
Maryland Financing Benefit
Trademark Remodeling has been in business since 1992 providing professional home remodeling, addition and renovation services. We’ll work closely with you every step of the way to ensure your home improvement project goes according to plan.
Trademark has partnered with Lewis Hibbs of Prime Lending!
In an effort to become the ‘one-stop-shop’ for all your remodeling and financing needs, Trademark Remodeling has partnered with Lewis C. Hibbs, Jr. of Prime Lending. Lewis has many years of experience in renovation financing, as well as years of experience working in the remodeling industry. This combination makes Lewis very knowledgeable on the various types of funding you can receive for your next home remodeling project.
About Lewis…
Lewis C. Hibbs Jr. has been originating loans since 1998. A Certificate in Carpentry from Western Vocational Technical Center combined with over 30 years of Construction experience make renovation financing a natural fit. With a consultative approach his experience can help smooth a sometimes daunting process. Lewis will work as the Renovation Coach of your Team for a successful remodel. His experience will provide the path for a Team effort between Realtor, Consultant, Contractor, Appraiser and Title Company.
It all starts with the numbers. Having a comfortable mortgage payment based on the Total package is critical to reaching your long and short term financial goals. The other key number is making sure the Total package value is less than the value of homes that do not need renovation. Yes start with instant equity. When we talk about the Total Package we are talking about the cost of the house or acquisition, the cost of repairs which includes a 10% contingency and the costs of the consultant and inspections.
Anybody can do a loan but Lewis can make your house a home!



