OneTrust Home Loans Announces a Great Way to Purchase and Renovate a Property in One Simple Process

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OneTrust Home Loans delivers to homebuyers a perfect financing program for those on a limited budget buying a home that needs repairs.

OneTrust Home Loans, a mortgage banker of San Diego, California releases a new loan product dedicated to homebuyers wanting to purchase a home in need of repair or modernization. The FHA 203K loan is a government insured mortgage program that allows borrowers to wrap the cost of property repairs/improvements into the loan.

“Many homebuyers are finding that most foreclosures or short sale listings are in need of repair to bring them up to personal standards or bank requirements”, says Joshua Erskine, CEO of OneTrust Home Loans. Josh continues, “Our FHA 203K loan is the perfect financing loan program for clients who have a limited budget for the down payment plus home improvement repairs. The loan specifically assists borrowers with the repair, remodel, and/or renovation of their home purchase without having to come out of pocket with a large amount of money.”

When a homebuyer wants to purchase a home in need of repairs, they usually have to obtain financing to purchase the dwelling, then either find additional financing to do the rehabilitation construction or pay for it directly out of their own funds, and then attempt to obtain permanent financing when the construction work is completed to pay off and combine the two loans with a permanent mortgage. Often the interim financing involves relatively high interest rates and amortization periods, and the homebuyer pays for avoidable closing costs. OneTrust’s FHA 203K loan addresses this situation effectively.

The borrower obtains one mortgage loan from the outset at a long-term fixed or adjustable rate to finance both the acquisition and renovation of the property. The 203(K) loan has a lower down payment requirement compared to other rehabilitation options for financing, which puts rehab projects within reach for individuals who otherwise could not afford them. It also assists low to moderate income families, fist-time homebuyers or buyers with limited cash, to purchase a home with as little as 3.5% down payment.


About OneTrust Home Loans and OneTrust Senior Lending
OneTrust Home Loans is a direct lender and servicer with sales and operations across the country. OneTrust Home Loans provides an array of product options including conventional, FHA, VA, USDA, jumbo, resort lending, and foreign national loan options. OneTrust Home Loans is focused on strategic national growth without compromising its market niche of fast and efficient loan closings and being a home-buying resource for consumers from their search for that special home through closing. OneTrust Senior Lending exclusively offers reverse mortgage products to Seniors 62 and over who need access to their home equity while maintaining homeownership. The company’s senior management team has years of experience in successful loan closings. OneTrust Home Loans and OneTrust Senior Lending emphasize customer service as evidenced by their tagline, Service is everything! For additional information please visit and

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S Demma
One Trust Home Loans
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