FHA 203(k) Loan
With an FHA 203(k) renovation loan, you can buy a fixer-upper or refinance your current home while including renovation costs—all in one mortgage.
BENEFITS OF FHA 203(k) LOANS
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Combine home purchase + renovation in one FHA-backed loan
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Low 3.5% down payment (for qualified buyers)
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Flexible credit requirements and income requirements
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Available for refinances and home upgrades
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Improve property value with upgrades
TYPES OF 203(k) LOANS
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Standard 203(k): For major structural repairs (room additions, foundation work, etc.)
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Limited 203(k): For cosmetic updates (kitchen remodel, new flooring, paint, roofing, etc.)
WHY CHOOSE AN FHA 203(k) LOAN
FHA 203(k) Loan:
One loan, one closing
Low 3.5% down payment
FHA-insured protection
Renovation funds included
Conventional Loan + HELOC:
Two separate loans
Higher down payment
Private loan terms
Separate financing required
FAQs
Can I use FHA 203(k) loan for investment properties?
No, the property must be primary residence.
How long do FHA 203(k) renovations take?
Typically 3–6 months, depending on the scope and contractor schedule.
What types of repairs are allowed with an FHA 203(k)?
Kitchen, bath, flooring, roofing, energy efficiency upgrades, and more.