FHA 203K Loan

What is an FHA 203K renovation loan?

An FHA 203k Loan, (sometimes called a Rehab Loan or Renovation Loan) allows you to finance both the house itself along with any repairs and updates. An FHA 203K Loan gives more flexibility for renovating a primary residence.

It’s a great loan to enable first-time home-buyers or buyers looking to update their new home before they move in, with down payments as low as 3.5%.

Already have a renovated property? Allow us to refinance your loan as interest rates decrease. Your payments and the total amount of interest paid can be greatly reduced.

How It Works

  1. Contact us to get started and to be pre-approved.
  2. Find your new home or refinance your current property.
  3. Our construction consultant will inspect the home to outline repairs for general contractors to bid on.
  4. When you’ve selected a contractor, we’ll make sure they’re up to the job.
  5. The property is appraised for its “After Renovated Value” (ARV).
  6. We will process and underwrite your loan application.
  7. The loan is closed, and your renovation work begins!

We will help you through every step of getting your dream home. Just contact us to get started.

interior before and after red walls