Home Mortgage Center

FHA 203k Home Improvement Loans

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Whether you are buying a fixer-upper in need of a complete renovation, or a home that just needs a few improvements, an FHA 203k loan may be the answer.

An FHA 203k loan, insured by the Federal Housing Administration (FHA), lets you wrap your renovation costs into your mortgage at closing. The final amount you borrow would include the estimated price of the improvements, including labor and materials.

  • Insured by the Federal Housing Administration
  • Allows you to wrap your renovation costs into your mortgage
  • Funds can be used on projects such as:
    • Kitchen or Bath Remodel
    • New Roof
    • New Flooring
    • Building or Replacing a Deck, Patio, or Porch
    • Replace or Repair a Septic System
    • And more
  • The full loan amount must be at or below the maximum limit for FHA loans in your area
  • Requires you to pay mortgage insurance for a minimum of 11 years

For more information about FHA 203k Home Improvement loans, view the official U.S. Department of Housing and Urban Development website.

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