Are you looking at a house with “good bones” but it needs a lot of work? The FHA 203k loan program* provides funds for renovations and repairs of your primary residence by financing the after-improved value rather than the present value of the home¹. Qualified borrowers receive a single loan with one closing!

  • As little as 3.5% down payment
  • Finance 100% of weatherization/energy efficient improvements²
  • Finance construction costs with a single closing
  • You chose the contractor (must meet lender approval qualifications)
  • A wide variety of repairs can be included, roofs, kitchen/bath remodels, flooring, paint, room additions, handicap accessibility, new appliances, plumbing/electrical repairs and lead-based paint abatements³


1. FHA Limited 203k loan limited to $35,000 for repairs or renovation. FHA Standard 203k repair amount is based on the purchase price plus repairs or 110% of the after-approved value, whichever is less. Must include fees, contingency reserve and repairs.
2. Up to an additional $8,000 may be available. Energy Efficient Mortgage Program improvements must reduce energy expense of a home to qualify. Examples of qualifying improvements include central heating/cooling, replacing wall heating units, test and seal ductwork, dual pane or low E windows and sliding doors, exterior doors and sunscreens, attic and wall insulation and water heater replacement.
3. Structural repairs or improvement qualify on the FHA Standard 203k only.​​





​* Disclaimer: All loans are subject to credit and property approval.  Programs, rates, terms and conditions are subject to change without notice. Other restrictions apply.




NMLS# 150934

FHA 203k Loan Program