Get your quote for a

Renovation 203(k) Loan

See if you’re eligible for an FHA-insured renovation loan with a low down payment of 3.5%

Check my eligibility today!

The Benefits of a Renovation / 203(k) Loan

Renovate your home with the most generous loan terms around.

Easy loan terms.

With just 3.5% downpayment for an FHA-insured renovation loan, you can upgrade your home without scrimping and saving.

Upgrade your home.

Using a maximum loan value of 96.5% of the after-improved value, you can make serious upgrades to your home for added comfort and resale value.

Leverage your good credit.

Have a FICO score of over 620? You’ll find it easy to secure an FHA-insured loan that can instantly upgrade your renovations.

Broad eligibility.

You don’t have to be a first-time homeowner to secure a 203(k) loan for renovating your house.

The Facts about Renovation / 203(k) Loans

  • Last year, 58% of homeowners said they planned to spend money to improve their homes.According to a survey by LightStream, the most popular home improvement trends were outdoor/landscaping, kitchen renovations, and bathroom remodeling projects.
  • You can use a 203(k) loan in a number of ways. According to the Department of Housing and Urban Development, that includes roofing, gutters, structural alterations, energy conservation improvements, eliminating safety hazards, and even cosmetic changes to your home’s appearance.
  • One in five U.S. home buyers use an FHA loan to finance their home purchase. FHA loans are popular, widely available, and have helped a tremendous amount of people to get access to home loans.
  • You don’t have to max out this loan. There are Limited 203(k) loans available for smaller home renovation projects. This can expose you to less risk or help you build equity in a home that you’re eventually going to try to sell.

Are you ready to join the majority of homeowners who leave their home better than how they found it?

What Do You Need to Know about Renovation Loans?

  • Q: What is a 203(k) loan?

    An FHA 203(k) loan refers to a loan insured by the FHA, for the purpose of renovating and improving a home. This loan can be used to improve safety hazards, increase energy efficiency, and even handle cosmetic updates to a home.
  • Q: What are the terms of a 203(k) loan?

    The maximum loan value in a 203(k) will be up to 96.5% of the after-improved value. You can also browse the FHA website to find more about the loan limits. We’ll send you a handy cheat sheet on this along with your quote request.
  • Q: What qualifications do I need?

    Surprisingly little. You only need a 620 FICO score or higher, as well as a low downpayment of 3.5%. You do not need to be a first-time homebuyer, nor does your home need to be in a particular neighborhood or investment zone.
  • Q: How do I know what my home is worth before I get this loan?

    The appraisal process for an FHA loan of this type will use two values—the “as-is” value before the improvements, and then the after-improvement value of the home that will account for the repairs you’re planning. Your final loan amount is then derived from the anticipated after-improvement value.
  • Q: What is a limited 203(k) renovation loan?

    This is specifically for homes that don’t have substantial structural problems. If you anticipate that your home’s repairs and remodeling can be done for less than $35,000, the FHA website says that this may be the best loan for you.

Get Started with Your Renovation Loan Today

A renovation loan is money that can be put directly into your home equity.

You’ll also get to enjoy a better home, potentially with lower energy costs.

The 203(k) renovation loan might sound complicated, but it’s one of the simplest ways for you to boost the quality and equity of your home. And because the loan terms are generous and easy to meet, you don’t have to put aside a substantial amount of savings to make it happen.

If your home is in dire need of updates, it may be time for you to secure a renovation loan.

Speak with a (203K) Purchase Specialist today


Representatives Available 24/7 to Better Serve Troops Overseas
A (203K) Purchase approved lender; Not endorsed or sponsored by the Dept. of Veterans Affairs or any government agency.