FHA 203K

FHA 203k, also known as the home repair loan, is one of  the most diverse home improvement loans out there. Use this loan for upgrades, remodels and building of a new structure on a house you own or will own. Use the 203k for simple upgrades, to create your dream kitchen, bathroom or completely reconstruct a home that is presently unlivable. You can borrow up to 96.5% of the post-renovation appraised value.

Use the limited FHA203k for renovations under $35,000, with only 3.5% down. Also available is the standard 203k for larger renovations over $35,000.

  • FHA 203k is the most diverse home improvement loan out there
  • You can borrow up to 96.5% of the appraised value (that is value of the home + renovations)
  • Two Month reserves required
  • Streamline 203k
    Only 3.5% down payment required
  • Full 203k
    Available for larger renovations
  • Use this loan for upgrades, remodels, and building of a new structure on a house you own or will own.
    Build your dream kitchen
    Create a personal spa bathroom
    Decking
    New floors
    Windows
    New appliances
    New roof
    New doors and trim
    Finish your basement