Transform Your Home with an FHA 203(k) Loan

One Loan. One Payment. Endless Renovation Possibilities

The FHA 203(k) Rehab Loan — officially the Federal Housing Administration’s 203(k) Rehabilitation Mortgage Insurance Program — is a powerful financing option designed to help homeowners buy and renovate in one streamlined mortgage. Unlike traditional FHA loans, which only cover the purchase price, an FHA 203(k) allows you to finance repairs, renovations, and upgrades without juggling multiple loans.Whether you’re purchasing a fixer-upper or upgrading your current home, this loan gives you the flexibility to create the living space you’ve always wanted.

Advantages of an FHA 203(k) Loan

Three reasons this loan could be your best move yet.

Realize Your Dream Home

Purchase distressed or lower-priced properties you might otherwise pass by, and roll the renovation costs into your mortgage — no second loan required.

Low Down Payment & Competitive Rates

Enjoy the benefits of FHA’s low down payment requirements and feasible interest rates that make monthly payments more manageable.

Extended Loan Flexibility

Finance your renovations over the life of the mortgage and even add extra repair funds into your existing loan balance for future projects.

Choose The Option That Fits Your Vision

Types of FHA 203(k) Loans

Streamlined Loan

Cap: $35,000
Covers non-structural repairs and replacements only
Ideal for: carpet replacement, HVAC upgrades, window installation, kitchen updates

Standard Loan

Cap: $55,000
Allows structural changes and value-adding projects
Ideal for: adding a room, building a basement, installing a pool, landscaping improvements
Requires oversight by an FHA-approved consultant

What You’ll Need To Qualify

Eligibility Requirements

FICO Score

In order to be eligible for an FHA 203(k), the borrower must have a good credit score. The FICO defines their scores between the ranges of 300 to 850. To qualify, the borrower must have a FICO score of 620 or above.

Debt-to-Income Ratio

The debt-to-income ratio is the sum of all your debts divided by your total income. An FHA 203(k) is granted only to those borrowers whose debt-to-income ratio is between 40 and 45 percent.

Ready to Renovate Smarter?

Turn that fixer-upper into your forever home with the help of an FHA 203(k) loan. I am here to guide you from application to closing — and beyond.

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