VA Renovation Loan Specialist FHA 203(k) certified loan consultant – Call Now (904) 294-7331 or email us at JAdams@planethomelending.com

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.

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BENEFITS OF FHA 203(k) LOANS

  • Combine home purchase + renovation in one FHA-backed loan 

  • Low 3.5% down payment (for qualified buyers) 
  • Flexible credit requirements and income requirements 
  • Available for refinances and home upgrades
  • Improve property value with upgrades

TYPES OF 203(k) LOANS

  • Standard 203(k): For major structural repairs
     (room additions, foundation work, etc.) 
  • 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

      1.Can I use FHA 203(k) loan for investment properties?

      No, the property must be primary residence.

      2.How long do FHA 203(k) renovations take?

      Typically 3–6 months, depending on the scope and

      contractor schedule.

      3.What types of repairs are allowed with an FHA 203(k)?

      Kitchen, bath, flooring, roofing, energy efficiency

      upgrades, and more.

      4.Can I refinance into an FHA 203(k) loan?

      Yes, FHA 203(k) refinance loans are available for

      homeowners looking to renovate and upgrade.