How To Qualify

Q: Who can qualify for an FHA 203k Loan?

Both Home Buyers and current Homeowners can qualify for the 203k Loan. Whether you’re a first time Homebuyer or Not you qualify as long as you plan to occupy the property.

Q: How does a 203k Loan work?

The FHA 203k allows you to finance your home while at the same time include the repairs and renovations all into one loan. The amount financed is based on the future value of your home with all the improvements completed. All work is done after your loan closes and you have up to 6 months to complete all the work.

Q: How much can you borrow on a 203k loan?

The amount you can borrow on the FHA 203k loan is based on the location of your property. There are low cost and high cost areas all throughout the U.S and all maximum loan amounts can easily be found by zip code over at the HUD website.

Q: Is a 203k Loan a good idea?

If the property you are looking to finance is in need of repairs or renovations then using an FHA 203k loan is an ideal way to accomplish your goals. There are also other loan programs such as the Fannie Mae Home-Style, the Freddie Mac Choice and the V.A renovation loan that can also be used to buy or refinancing and fix up your home all in one loan.

Q: What does a 203k Loan cover?

Almost all types of repairs and renovations are covered by the FHA 203k Loan. Whether your home improvement projects are small or large they can be covered using this type of financing.

Q: How much do you have to put down on a 203k loan?

FHA 203k loans have a minimum down payment of 3.5% but unlike the FHA loan without the funds for improvements the 203k down payment is based off the total amount which includes the purchase price and the improvement costs combined.

For The FHA 203K Loan

So You Can . . .

Roll your Repairs & Renovation Costs into One Home Loan For Purchase or Refinance

Creating The Home You Love STARTS HERE!

203K Purchase

Avoid Common Financing Roadblocks

Avoid getting your financing denied due to property conditions. Avoid any upfront property repair requirements

203K Refinance

Improvements are Made After Closing

Improve your home Size
Improve your home Comfort
Improve your home Value

203K All In One Loan!

Finance Plus Improvements!

Combine your home improvement funds with your purchase or refinance loan to Renovate, Repair, Rehab, or Remodel your property all at the same time.

What Properties are 203K Eligible
203K Eligible properties include Single Family, 2 to 4 units, Condos, Townhomes, and even mixed use.

Types of FHA 203K Eligible Sales

Regular Standard Listing, Foreclosure, HUD Repos, REO, For sale by Owner, as well as other sales, plus it can be used to refinance.

A Home Owners Guide to the FHA 203K Loan

Get The 203k Loan Info You Need!

Free Download

Get Your FREE Guide Here!

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Common Questions about the FHA 203K

Get the info you need to feel confident & comfortable moving forward.

Who can qualify for an FHA 203k Loan?

How much can you borrow on a 203k loan?

What does a 203k Loan cover?

Can you apply for an FHA Loan then switch over to an FHA 203k Loan?

How does a 203k Loan work?

Is a 203k Loan a good idea?

How much do you have to put down on a 203k loan?

Are there other Home Renovation Loan programs available other than the FHA 203k Loan?

Ready To Qualify? Got Questions?

Get A quick Estimate with the FHA 203K Calculator

Purchase calculator

Refinance Calculator

More About The FHA 203K Loan!

How To Qualify For the FHA 203K Loan

Roll your Repairs & Renovation Costs into One Home Loan For Purchase or Refinance!

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FHA 203K Loan Requirements

What Are FHA 203k Loan Requirements and Guidelines for Qualifying?

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FHA 203K Loan Calculator

The FHA 203k Calculator is easy to use and easy to read your results.

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FHA 203K Loan Limits

FHA 203K Loan Limits 2024 In Your Area. Just enter your county & state.

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How To Qualify

For The FHA 203K Loan

So You Can . . .

Roll your Repairs & Renovation Costs into One Home Loan For Purchase or Refinance

Creating The Home You Love STARTS HERE!

203K Purchase

Avoid Common Financing Roadblocks

203K Refinance

Improvements are Made After Closing

203K All In One Loan!

Finance Plus Improvements!

Types of FHA 203K Eligible Sales

Free Download

Who can qualify for an FHA 203k Loan?

How much can you borrow on a 203k loan?

What does a 203k Loan cover?

Can you apply for an FHA Loan then switch over to an FHA 203k Loan?

How does a 203k Loan work?

Is a 203k Loan a good idea?

How much do you have to put down on a 203k loan?

Are there other Home Renovation Loan programs available other than the FHA 203k Loan?

Get A quick Estimate with the FHA 203K Calculator

More About The FHA 203K Loan!

How To Qualify For the FHA 203K Loan

FHA 203K Loan Requirements

FHA 203K Loan Calculator

FHA 203K Loan Limits

Enter your info to get your FREE 203K Guide.