FHA 203k Loan
Buy and renovate with one loan. Purchase price plus repairs, one closing.
What is FHA 203k Loan?
The FHA 203k is a renovation loan program that provides funds for both the purchase and renovation of a home. There are two types of FHA 203k loan. The first is the standard 203k, for properties that need structural repairs such as a new roof or a room addition. The second is the streamlined 203k, for non-structural repairs such as painting and new appliances. The minimum loan amount for repairs is $5,000.
A good fit if you are
- Buyers looking at fixer-uppers or dated homes in great locations
- Homeowners who want to refinance and renovate at the same time
- 3.5% down payment on the combined purchase and rehab amount
- Kitchens, baths, roofs, HVAC, flooring, and accessibility upgrades
How to get started
Apply online in about 15 minutes or book a call. We'll review your numbers, confirm the right program, and issue a pre-approval you can shop with.
Questions about FHA 203k Loan?
Every scenario is different. Get an answer from a licensed loan officer, not a chatbot.
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