FHA 203K Purchase and Renovate

Are you a homebuyer dreaming of a fixer-upper but worried about financing the renovations? The FHA 203K Purchase and Renovate loan is designed to help buyers like you – especially first-time homebuyers or those with limited savings – to purchase and renovate a property all in one loan. This program is ideal for those looking to turn a house in need of repairs into their dream home with minimal hassle.

The FHA 203K loan combines the cost of purchasing a home with renovation funds, allowing borrowers to finance necessary repairs or improvements. With as little as 3.5% down, this program accommodates a range of renovation projects, from minor repairs to major upgrades. Homebuyers must meet FHA’s standard qualification requirements, including acceptable credit and income verification. Loan limits are based on the property’s post-renovation value, giving you the flexibility to create a home that suits your needs.

To learn how the FHA 203K Purchase and Renovate loan can work for you, watch our short video below. It explains the step-by-step process and shares how we’ve helped other buyers transform fixer-uppers into beautiful homes. Ready to get started? Click the “Schedule a Meeting” button to connect with our homebuyer loan experts and discuss your options at your convenience!