Find Out 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

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?

Need Answers? Ready To Get Started?

Creating The Home You Love STARTS HERE!

With the FHA 203K Loan You Can:

Upgrade & Remodel

Kitchen, Bathroom, Living Rooms, Family Rooms. Bedrooms, Basements, Appliances

Repair or Replace

Electrical, Plumbing, Foundation repair, Air Conditioning & Heating

Other Improvements

New Paint, Hardscaping, Roof, Windows, Fencing & Walls

How To Get Started

Find everything you need to know about the FHA 203K Loan here. In just a few steps get the info you need to feel confident & comfortable moving forward.

This is your 203K Headquarters!

Go here to take the FHA 203K Pre-Qualifying Quiz!

Go here to use the 203K Calculator To Estimate Your Payment!

Go here to download Your Free 203K Guide For More Info!

Find A 203K Lender For Your State

Not all FHA Lenders or Loan Officers have the expertise to handle an FHA 203K Loan. The 203K Lender Directory offers some of the most experienced Renovation Lenders around.

Find Your Lender Here

Contact Your 203K Specialist

Contact the lender who you'll be working with direcly for help and to guide you through the loan process. They are just a phone call or email away. Get answers to your specific questions and suggestions for your personal lending needs.

Take The 203K Quiz! Just Answer 5 Questions!

Get Started!

Get A quick Estimate with the FHA 203K Calculator

Purchase calculator

Refinance Calculator

Free Download

FHA 203K Guide!

A Home Owners Guide to the FHA 203K Loan

Get Your Free Guide