About FHA 203K Home Loans
An FHA 203K loan is a loan backed by the federal government and given to buyers who want to renovate a home. An FHA 203K loan allows the borrower to finance the home, plus provides financing to do the necessary renovations to the home.
There is no cap on the renovation budget (FHA maximum loan limits apply). You will be required to have a HUD Consultant in addition to a contractor. The HUD Consultant will help ensure that all minimum property standards are met and that your contractor has completed the work according to contract.
We’re here to make the 203K home loan process easier, with tools and knowledge that will help guide you along the way, starting with our 203K Loan Qualifier.
We'll help you clearly see differences between loan programs, allowing you to choose the right one for you - whether you're a first-time home buyer or a repeat buyer.
The 203K Loan Process
Here's how our home loan process works:
- Complete our simple 203K Loan Qualifier
- Receive options based on your unique criteria and scenario
- Compare mortgage interest rates and terms
- Choose the offer that best fits your needs