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203(k) Renovation Loans
A 203(k) loan lets you turn a property with potential into your ideal home without separate financing.
WHAT IS A 203(k) LOAN?
A 203(k) loan is an FHA-backed mortgage that combines the cost of purchasing a home and renovating it into a single loan.
Instead of taking out multiple loans, you finance both the property and the improvements at once, simplifying the process.
One Loan, Two Purposes
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Covers purchase and renovation costs
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Single closing process
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Simplified financing structure
Expand Your Options
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Consider homes that need repairs
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Customize the property to your needs
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Increase potential property value
WHY CHOOSE A 203(k) LOAN?
Buy Homes Others Overlook
Access properties that need work and create value.
Build Equity Through Improvements
Renovations can increase the home’s long-term value.
Finance Renovations Upfront
No need for separate construction or personal loans.
Ready to move forward? Let's get you pre-approved.
Common Questions About 203(k) Loans
What types of renovations are allowed?
Most structural, cosmetic, and system upgrades are eligible, depending on the loan type.
Is the down payment low like FHA loans?
Yes. Typically as low as 3.5% for qualified borrowers.
Are there different types of 203(k) loans?
Yes. Standard for larger projects and Limited for smaller renovations.
Do I need contractor estimates?
Yes. Approved contractor bids are required as part of the process.
